Rice exports beat low expectations in 2017Contrary to pessimistic forecasts earlier in 2017, after a drop in 2016, the country’s rice exports had a successful year in 2017, with some higher-than-expected figures. In 2016, the level of rice exports was only 4.9 million tonnes, worth 2.2 billion USD. Don added that rice exports to China are expected to help boost his company’s value of exports by 20 per cent, compared to 2016. Rice exports to other markets, such as the Philippines, Malaysia, Iraq, the Republic of Korea and Saudi Arabia, also saw a significant increase. In October, the Ministry of Industry and Trade announced its rice export strategy for the 2017 to 2020 period, which aims to decrease export volume but increase value.

Source: VietNamNet News December 25, 2017 09:56 UTC