Vietnam’s rice export prices on an uptrend

Vietnam’s 5-percent broken rice sold for $593 per metric ton on the same day, up $5 a metric ton day on day, according to the Vietnam Food Association. Given the rice price uptrend, the Vietnamese Ministry of Agriculture and Rural Development has written to the prime minister proposing the elevation of rice exports. This year, the country aims to cultivate 7.1 million hectares of rice to yield 43 million metric tons of raw rice. Cuong underlined that Vietnam turned out over 42 million metric tons of raw rice in 2022, while exporting 7.13 million metric tons of rice. This year, the Southeast Asian nation set a target of producing more than 43 million metric tons of raw rice and shipping over 7.5 million metric tons of rice worth $4.1 billion.