The average export price of the product between January and October was estimated at $626.2 per tonne, an annual increase of 12 per cent. Last year, the country shipped 8.13 million tonnes of rice abroad. With the growth of the ten-month exports and domestic production capabilities, this year’s rice exports are expected to exceed the record set in 2023. Bulog launched a tender on October 24 for this round, aiming to purchase approximately 500,000 tonnes of rice from Thailand, Việt Nam, Cambodia, Myanmar, Pakistan and India. Vietnamese businesses have secured three rice lots totalling 85,000 tonnes, representing 17 per cent of Indonesia's massive 500,000-tonne rice tender in October, according to the rice market news site SSRicenews.— VNS

Source: Viet Nam News November 04, 2024 16:18 UTC