Vietnamese rice is the most expensive in the world.

Vietnam's export rice prices continue to remain high, keeping them among the most expensive in the world's largest rice exporting countries.

On November 23rd, according to an export market survey, prices... Vietnamese rice It continued to rise slightly and led the region.

Price 5% broken rice Vietnam's price is at 522 USD/ton. This price is significantly higher than other exporting countries of the same type, such as Thailand at 490 USD/ton, India at 452 USD/ton, Pakistan at 458 USD/ton, and Myanmar at 500 USD/ton.

Price 25% broken rice Vietnam's price is at $485/ton, higher than other countries such as Thailand at $452/ton, India at $438/ton, and Pakistan at $421/ton.

Overall, rice prices Vietnam's exports continue to lead the region, significantly higher than those of other suppliers.

Vietnamese rice is the most expensive in the world. (Illustrative image: Internet)

According to statistics from the Ministry of Agriculture and Rural Development (MARD), the total volume of rice exports in the first 10 months of the year reached nearly 7.8 million tons, bringing in 4.86 billion USD, an increase of 10.2% in volume and 23.4% in value compared to the same period in 2023.

The average export price of rice in the first 10 months of the year is estimated at 626.2 USD/ton, an increase of 12% compared to the same period in 2023.

Experts say that the current decrease in Vietnam's export rice prices compared to the average of the first 10 months of the year is due to India lifting its rice export ban, thus increasing the global supply. However, Vietnamese rice prices remain high and are among the most expensive in the world's largest rice exporting countries.

In the first nine months of the year, the Philippines was Vietnam's largest rice market, accounting for 45.4% of the total. Indonesia and Malaysia were the next two largest markets, with market shares of 14.4% and 8.5%, respectively.

Recently, the Indonesian National Food Agency set a target to stop rice imports The earliest this could happen is next year. However, some specialized rice varieties imported from Vietnam will be exempt from the import ban. Therefore, it will not affect Vietnam's export market.

According to Mr. Nguyen Hoang Hiep, Deputy Minister of Agriculture and Rural Development : "It is expected that by the end of the year, rice production will reach 43 million tons, ensuring domestic food security and exporting over 8 million tons of rice, with a projected export value exceeding 5 billion USD, the highest ever."

Conversely, Vietnam's rice imports have also surged. In the past 10 months, Vietnam imported rice worth $1.2 billion, an increase of nearly 73% compared to the same period last year – a record high.

According to forecasts from the US Department of Agriculture (USDA), Vietnam will be the world's third-largest rice importer this year, with a record 3.2 million tons. This figure is behind the Philippines (5 million tons) and Indonesia (3.7 million tons).

Source: https://baoquangninh.vn/gao-viet-nam-dat-do-nhat-the-gioi-3331074.html