The Vietnam Food Administration (VFA), the country's food safety watchdog, said that
Vietnam exported nearly 6.55 tons of rice of all kinds, of which high-grade white rice and fragrant rice accounted for 47 percent.
VFA said that the country is likely to export around 1.5 million tons of corss-border rice to China. High-grade and fragrant rice continued keeping high proportion in export of the agricultural produce.
For instance, in the first 11 months of the year, high-grade white rice accounted for nearly 28.5 percent of the whole amount of rice for export, an increase of 36.5 percent compared to same period of 2014 and fragrant rice was 23 percent of total amount of rice for export, an increase of 18.5 percent compared last year.
Major market for Vietnam rice export is nation in Asia with the percentage of 74 percent. Price of exported rice maintains US$375 per ton, an increase of US$35 a ton compared to October.
VFA predicted it is a difficult year for the country’s rice export because of low demand in the first two month of 2016.
In addition, it will face fierce competition with Thai’s rice in stockpile.