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HOMENEWS – EVENTSAGRICULTURE NEWS

Vietnam rice export value reached billion USD 1.8 in 2018 H1

Vietnam rice export value reached billion USD 1.8 in 2018 H1

Vietnam rice export achieved 3.65 million tons and a turnover of USD 1.81 billions in H1 2018, which marks an increase of 25% volume wise and 42% monetary term compared to 2017, according to Ministry of Aigriculture. China remains the biggest market with 30% export volume (844 thousand tons and USD half a billion revenue), followed by Indonesia with 18%.

In 2018, Vietnam aims to export 6.5 billion tons of rice, most of which is high quality fragrant rice. Lower quality IR50404 rice exported will not be exceeding 20%. We continue to increase the market share, especially in Indonesia, Iraq, Malaysia and US markets.

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