|The quality of Vietnamese rice has improved to meet the exporting demand. — File Photo|
HÀ NỘI — Việt
An estimated 524,000 tonnes of rice were exported in January, with a total value of $249 million, reported the Ministry of Agriculture and Rural Development, representing a 49 per cent rise in volume and 51.3 per cent in value compared to December 2017. After declines in February, exports rose steeply in March, jumping 93.9 per cent in volume and 100 per cent in value to US$338.44 million month-on-month. The rice export price also surged in March by 3.3 per cent to $513.7 per tonne.
The country’s overall rice exports in the first quarter of this year increased by 15.5 per cent compared to the same period in 2017. The average rice export price in the first quarter of the current year rose by 14.2 per cent year-on-year to $501 per tonne, reported cafef.vn.
The rice export price was higher against most export markets during the same period last year, with the highest price reaching $834.5 per tonne for rice exported to
During the first quarter of 2018, 40 per cent of Việt
However, rice exports to markets such as
According to experts, Việt Nam will have greater opportunities when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) comes into effect, helping rice exporters increase exports to countries that joined the agreement and demand high quality and food safety standards, such as Japan, Australia and New Zealand.
As a result, from the end of 2017 to the current period, Việt