The Straits Times
Published on Nov 26, 2012

Vietnam says Jan-Nov rice exports hit record 7.44m tonnes


HANOI (REUTERS) - Vietnam's rice exports between January and November rose 9.7 per cent from a year ago to an estimated 7.44 million tonnes, the Agriculture Ministry said, led by Chinese purchases and already a record for annual shipments.

Rising exports has put Vietnam on track to match the position of Thailand, the world's top rice exporter, which is expected to ship 7.5 million tonnes this year and 8.7 million tonnes in 2013.

But Vietnam's exports would still be well below an expected shipment of 10 million tonnes from India, based on a USDA forecast.

Vietnam's rice export revenue for the 11-month period eased 1.4 per cent from the same period last year to $3.42 billion (S$4.18 billion), the ministry said in its monthly report, attributing the drop to lower export prices.