Opportunities exist for rice exports in high-end marketVietNamNet Bridge - Experts believe that Vietnam should focus on producing high-quality rice instead of striving to earn money from selling low-cost rice products. Low prices won’t be the ‘weapon’ for Vietnam to compete with Thailand in the world market, especially in Africa and China, which favor low-cost products. However, in recent days no contracts have been signed.Don attributed this to the increase in domestic and export prices compared with pre-Tet days. In general, farmers can get 0.7-0.8 tons of paddy from every 1,000 square meters. China, South Korea, Singapore and the EU have high demand for high-end products.

Source: VietNamNet News February 20, 2017 01:30 UTC