Vietnam to export 5, 7 million tons of rice in 2016

According to the Vietnam Food Association (VFA), Vietnam is expected to export 5, 7 million tons of rice this year.

Rice export volume in June is expected to reach 450, 000 tons which will raise total number of rice export up to 2, 732 million tons and total turnover of VND 1, 2 billion in the first six months of the year

The purchase price as well as rice export price will strong growth if Vietnam receives many export contracts.

VFA predicted rice demand from Chinese, Philippines and Indonesian markets being stable growth.

Accordingly, total number of Vietnam rice in summer- autumn and autumn- winter crops only reaches 3, 9 million tons in six last month of this year.