At its meeting on 04/11, Vietnam Food Association (VFA) said that rice exports in 2011 increased no more than 2010, about 7 million tons, but value increased sharply.
This is because the rate of high-quality rice, fragrant rice and the average quality of the U.S. and more, low-quality rice declining. This helps increase the average price of 60.5 USD / ton, reached 575 USD / ton.
Thus, if the calculation (CIF) of the Ministry of Industry and Trade, rice exports this year could reach $ 4 billion. To date, Vietnam has exported 6.319 million tons, up 8.4% and nearly 24% in value over the same period. Hợp đồng đã ký đến cuối tháng 10 là 6,976 triệu tấn. The contract signed by the end of October was 6.976 million tonnes.
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