Vietnam shipped 4.22 million tonnes of rice abroad, earning US$1.88 billion, in the first seven months of this year, according to the Ministry of Agriculture and Rural Development.

In July alone, 633,000 tonnes were delivered to foreign importers for US$293 million.

China remained Vietnam’s largest rice consumer, with 1.29 million tonnes worth US$526.5 million in the first half, accounting for 33.9% of total rice export revenue.

Other key export markets included Singapore, Angola and Hong Kong, which obtained impressive growth of 37%, 30.6% and 22.7% from a year earlier, respectively.

However, the price of export rice saw a year-on-year decline of 6.7% to US$443/tonne during the January-June period. As a result, in the past seven months, rice exports decreased 11.3% in volume and 13% in value compared to the same period last year.

Source: VOV