Rice exports in February rise two-fold from last year
Vietnam shipped abroad approximately 440,000 tonnes of rice in February, up 5.44% against last month and 117% from a year ago, according to the Vietnam Food Association (VFA).
The rice exports were valued at US$178 million with average FOB price was estimated at US$405 per tonne.
The domestic price of rice is forecast to be on the rise in the coming time as severe drought and saltwater intrusion has been affecting large areas of rice in the Mekong Delta, while a large volume, around 1.4 million tonnes, of signed contracts is scheduled to be delivered in the coming months.