Vietnam export and prices flash

Vietnam has exported over 983,000 tonnes of rice with the total export turnover of US$ 544 million from the beginning of the year, according to the Vietnam Food Association. This year, Vietnam plans to buy 1 million tonnes of rice as reserve to stablise the rice price. So far, 789,000 tonnes of rice has been bought, reaching 75% as scheduled. The VFA suggests farmers to reserve rice as the rice price may go up in coming time due to increasing demands from African and South American markets.