Vietnam 2024 rice exports seen falling, India costs strike record high

Vietnam 2024 rice exports seen falling, India costs strike record high

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Demand stable however anticipating fresh products: Bangkok trader PUBLISHED : 8 Mar 2024 at 09: 21 A guy compares various grains of rice at a wholesale market in Navi Mumbai, India, on Aug 4,2023 (Photo: Reuters) Vietnam’s rice exports are approximated at 6.5-7.0 million metric tonnes this year, down from last year’s record high of 8.1 million tonnes, according to a report by the Vietnam Food Association. The Southeast Asian nation, the world’s 3rd biggest rice exporter after India and Thailand, has earlier flagged that it would slowly cut its general export volumes to focus on greater quality, higher-priced rice, while likewise adjusting to environment modification and guaranteeing domestic food security. Exports in the year to mid-February increased 14.4% from a year earlier to 663,000 heaps, according to the report provided at an worldwide rice conference this week and evaluated by Reuters. “Demand from Indonesia, Philippines, Malaysia, China and Africa hasactually been increasing as El Nino anticipated to last at least till mi
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