Rice exports hit 2.98 billion USD in first half
Thursday, 04/07/2024 10:34 (GMT+7)
Vietnam harvested 3.48 million hectares of rice in the first six months of 2024, a year-on-year rise of 0.5%, while the average yield reached 67.1 tons per ha, a rise of 0.7% and output on harvested area reached 23.3 million tons, a year on year rise of 1.6%, according to the Ministry of Agriculture and Rural Development.
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| Rice exports hit 2.98 billion USD in first half. (Photo: sggp.org.vn) |
The Ministry said that the country exported 4.68 million tons rice during the period, earning 2.98 billion; an increase of 10% in volume and a sharp rise of 32% in value due to the high export price of the commodity.
However, in the first half of this year, Vietnam also spent about 670 million USD importing rice from other markets. In 2023, the country spent nearly 860 million USD importing rice from other countries (mainly from Cambodia and India).
Despite being the second largest rice exporter in the world, businesses say that Vietnam still imports some types of rice to produce and process animal feed./.
BTA