VOV.VN - India’s official ban placed on broken rice has led to a negative impact on the global rice market, resulting in the price of Vietnamese rice to increase sharply and surpass that of Thai rice, according to details given by the Vietnam Food Association (VFA).

Vietnam’s rice export is likely to surpass the target set for this year, said Chairman of the Vietnam Food Association Nguyen Ngoc Nam.

Vietnam exported roughly 4.08 million tonnes of rice in the first seven months of 2022 to earn over US$1.99 billion, up 17.3% and 6%, respectively, against the same period last year, customs data shows.

VOV.VN - With the current rice export market remaining relatively stable, buying demand is still at a high level with the initial days of June seeing the export rice price continuing to rise by US$10 to US$15 per tonne compared to May.

VOV.VN - Vietnam offers advantages when its rice is traded in the international market thanks to its high-quality and reasonable prices, according to the Vietnam Food Association (VFA).

Vietnam exported 1.14 million tonnes of rice worth US$715 million in the first quarter of 2022, up 24% in volume and 10.5% in value year-on-year, according to the Ministry of Agriculture and Rural Development.

Vietnam’s farm exports posted positive growth in the first two months of this year and are hoped to maintain an upward trend in the coming time.

VOV.VN - Vietnamese export of key agricultural products such as coffee, cashew nuts, rubber, fruit and vegetables, and rice to the EU market is set to enjoy strong growth in 2022, according to industry experts.

In order to take advantage of FTAs ​​and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to coordinate with ministries, branches and the Vietnam Food Association to help businesses effectively implement the deals and make the most of markets such as the RoK and the EU.

Though the prices of Vietnamese 5% broken white rice fell US$20 per tonne in a week, most local rice exporters said the decline would make sales easier.