Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.
PSNews - The growth in turnover is higher than the growth in volume, therefore the average value of each ton of rice exported this year is also higher than the same period in 2022. Export prices averaged $539 per ton, up 10.2% year-on-year.
PSNews - According to the Ministry of Industry and Trade, the trade turnover between Vietnam and the United States have significantly decreased during the first four months of 2023.
With pepper exports reaching US$1.4 billion last year, the Vietnamese pepper and spice sector are likely to rake in US$2 billion in export turnover by 2025, according to insiders.
Vietnam’s tuna export turnover this year is anticipated to surge by 45% compared to last year’s figure to reach roughly US$1.1 billion, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam exported an estimated 1.28 million tonnes of rice in the first three months of the year, earning US$570 million, down 18% in volume and 17.3% in value compared to the same period last year.