Rice export price surges in January

Nhan Dan Online – Vietnam’s Freight On Board price of rice exported in January this year climbed to US$415.14 per tonne on average, a sharp increase of US$38.27 per tonne over the same period last year.

Rice export price surges in January

According to the Vietnam Food Association, the country shipped abroad over 307,255 tonnes of rice worth US$127.5 million (FOB) or US$154 million (CIF) in the first month of 2014.

Compared to the same period in 2013, the export volume fell by 24% whilst the value decreased by more than 30.5% (FOB) or 16.4% (CIF).

The 5% broken rice ranges from VND8,100 to VND8,600 per kilogram.

The export volume is expected to reach 300,000-350,000 tonnes in February.