On August 18, a rice exporter in the Mekong Delta said that the export price of 5-percent broken rice in Vietnam is at the highest level in the past ten years.
According to the Vietnam Food Association, the current export price of 5-percent broken rice in Vietnam is from US$473 to $477 per ton, $100 per ton higher than that of India, $50 per ton higher more than that of Pakistan, and higher than the rice export price of Thailand by $10 per ton. This is the first time that Vietnam's export price of 5-percent broken rice has been higher than that of Thailand.
In the first seven months of this year, Vietnam exported nearly 3.9 million tons of rice, worth $1.9 billion, up 10.9 percent in value over the same period last year.
According to rice experts, after winning the best rice award in the world, Vietnamese rice has resonated in the world market. Even in the domestic market, ST25 rice - the world's best rice winner in 2019 - is being strongly consumed by the market at a high selling price of VND30,000 per kilogram, equivalent to over $1,300 per ton. If the ST25 rice production is expanded rapidly with a safe production process, this will be a golden time for Vietnam to advertise the Vietnamese rice brand.