Photo for illustration. (Source: moit.gov.vn)

Average export rice price in the first half of the year was USD451 per tonne, a year-on-year rise of 4.6%, said the ministry.

China continued to take the lead among Vietnam’s biggest rice export markets during the period with 35.1% of market share. Rice exports to the market represented a 23% decrease in volume at over 912 million tones and a 13.2% reduction in value at USD420.2 million.

Indonesia is the second biggest export market of Vietnamese rice with 11.6% of market share. More than 350 million tonnes of rice were shipped to the market, worth USD139.3 million, up 34.8% in volume and 28.7% in value compared to the same period last year.  

Other markets saw sharp value growth, including Ghana (41%) and Ivory Coast (31.3%) while markets with sharp value reduction were the Philippines (54.3%), Malaysia (59.3%) and Singapore (34.6%)./.

BTA