Vietnam: Rice export volume up, revenue flat

From January to the end of August, Vietnam exported 5.6 million tons of rice, 67 percent more than during the same period last year.

But the rice exports generated only US$1.8 billion in revenue, compared to $1.9 billion last year, according to the Vietnam Food Association General Secretary Huynh Minh Hue.

Vietnam's export rice sold for an average of $325 a ton this year. Last year, rice from Vietnam, the world's second biggest rice exporter, sold for $562 a ton in the export market.

Rice from Thailand, the world's biggest rice exporter, sold for up to 62 percent more than Vietnamese rice this year. In August, five percent broken rice from Thailand sold for $525 a ton, while Thai 20 percent broken rice sold for $432 a ton.