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Rice News - Vietnam Rice Export Till October
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Vietnam Rice Export Till October

In October, Vietnam shipped 300,000 tons abroad, gaining 161 million U.S. dollars. Export prices increased in October as prolonged rains caused flooding in the southern Mekong Delta region, which delayed the harvesting progress and limited supply. The country's major export markets included China, Malaysia and the Philippines. According to Vietnam's Ministry of Industry and Trade, the country has recently shifted towards exporting more high-grade rice such as Japonica, fragrant rice and sticky rice. Vietnam normalized its rice export in May after a temporary export ban in March to ensure national food security amid COVID-19. In 2019, the country sold 6.3 million tons of rice offshore, reaping 2.8 billion U.S. dollars. The country expects to export 6.7 million tons of rice this year, according to the Vietnam Food Association.