Hanoi promotes rice-growing regions for export – Talk Vietnam talkvietnam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from talkvietnam.com Daily Mail and Mail on Sunday newspapers.
The export price of Vietnamese rice stands at the highest spot on global markets, some US$20-50 per ton higher than the rice prices of Thailand and India.
Prices of Vietnamese rice surged in the global and domestic markets after India announced restrictions on broken rice exports and a 20% duty on exports of various other types.
Photo for illustration (Source: VNA) The figures also represented year-on-year increases of 33.1 percent in volume and 26.4 percent in value, the Agency of Foreign Trade at the Ministry of Industry and Trade cited statistics by the General Department of Vietnam Customs as showing. According to the Vietnam News Agency, Rubber export price averaged 1,645 USD per tonne in May, down 8.9 percent against April and 5 percent as compared with the same period last year. In the first five months of this year, the country shipped abroad 595,000 tonnes of rubber valued at 1.04 billion USD, up 8.1 percent and 12 percent year-on-year, respectively. China was the biggest buyer of Vietnamese natural and synthetic rubber, with hikes seen in both volume and value in the first months. The Association of Natural Rubber Producing Countries (ANRPC) forecast that the global rubber demand will increase in the time ahead due to loosened travel restrictions and the reopening of borders by countries, helping to