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Home News Rice export hits 1.4 mln tons in Q1

Rice export hits 1.4 mln tons in Q1

alt As of March 31, Vietnamese enterprises shipped over 1.45 million tons of rice abroad, earning around US$641.4 million in free-on-board (FOB) value and US$665 million in cost, insurance and freight (CIF) value, according to the Viet Nam Food Association (VFA).

Prices of dried rice in the Mekong Delta are now ranging from VND5.200 (US$0.25) to VND5.300 (US$0.26) per kilo.

The Association has reported that the program in which banks provided companies with interest-free credits to buy 1 million tons of rice for national reserves ended.

At present, farmers in the Mekong Delta are hastening their harvest of the winter-spring crop and preparing for the next crop.

Last year, rice exports hit a record high of 7.72 million tons, earning US$3.45 billion (FOB value), representing an increase of 8.3% in volume, but a fall of 2% in value./.

By Kim Loan (VGP News)

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