Vietnam Food Association releases figures on rice exports.
Accumulated rice exports from the beginning of the year to July 16 stood at 2.875 million tons, according to the Vietnam Food Association. Exports under Cost Insurance and Freight (CIF) were worth $1.231 billion, while Free On Board (FOB) exports were $1.194 billion.
The current price of raw rice made into 5 per cent broken rice is VND6,350 to VND6,450 (around $0.29) per kilogram, while raw rice made into 25 per cent broken rice is VND6,050 to VND6,150 (around $0.28). Prices may vary depending on quality and location.
The price of finished 5 per cent broken rice FOB is VND7,200 to VND7,300 (around $0.33) per kilogram, 15 per cent broken rice VND7,000 to VND7,100 (around $0.30), and 25 per cent broken rice VND6,800 to VND6,900 (around $0.36). These prices may also vary depending on quality and location.
According to figures from the Cultivation Department at the Ministry of Agriculture and Rural Development, as at July 16 cities and provinces in the Mekong Delta had sown 1.666 million ha in the summer - autumn crop compared to a target of 1.6 million ha. The harvest is estimated at 650,000 ha, with 5.4 to 5.5 tons per ha, producing around 3.54 million tons.
By June 11 Vietnam had exported 2.123 million tons of rice with a CIF value of $918.667 million.