VN ships over 3.6 mln tons of rice abroad

10:01 | 06/08/2014

VGP – Viet Nam exported over 3.6 million tons of rice in the first seven months, down 10.78% against the same period last year, according to the Viet Nam Food Association (VFA).

Illustration photo

VFA reported that rice export earned US$ 1.560 billion (free-on-board – FOB basis); US$ 1.647 billion (cost, insurance, freight – CIF) and average FOB price of US$ 431.44 per ton.  

The quantity saw a year-on-year decline of 10.78% in which FOB volume declined by 10.27%; CIF down 9.2%; and average FOB price up US$ 2.43 per ton. Viet Nam has secured contracts to deliver other US$ 2.102 million in the rest of the year.

According to the Ministry of Agriculture and Rural Development, paddy price in the Mekong Delta was on the rise as enterprises strengthen purchases for export./.

By Kim Anh