Vietnam plans to export 6 million tons rice for 2011

Vietnam plans to export 6 million tons rice for 2011. Last year Vietnam yields over US$3 billion from rice export for the first time

Vietnam will export at least 6 million tons rice for 2011, according to the Ministry of Agriculture and Rural Development.

Vietnam has exported 6.7 million tons rice, surpassing the 6.5-million-ton rice export target this year, yielding US$3.23 billion. Vietnam achieved for the first time over US$3 billion from rice export. 

For 2011, the ministry has just set target of 6 million tons because it wanted to ensure food security for people in the country. If the weather and all factors are favorable for bumper crop, the country would export more than its 6 million ton target, especially for competitive markets.

Exporters announced they have had orders for the first quarter of 2011.

By P. Van - Translated by Anh Quan

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