Vietnam to be the world’s third largest rice exporter

Vietnam will be the world’s third largest rice exporter in the next decade, after Thailand and India, Asian Development Bank (ADB) announced on August 30.

Last year, total rice exports from Thailand, India, Pakistan and the US accounted for 87 percent of the global value.

In 2011, Vietnam harvested 7.6 million hectares of paddy and produced 26.5 million tonnes of rice with the average yield of 3.49 tonne per hectare, showing a year-on-year increase of 0.94 percent.

ASEAN is now the world’s largest rice-exporting region with its export volume rising from 110 million tonnes in the 2010-2011 crops to 128 million tonnes in the 2021-2022 crops.

Vietnam and Thailand are two major suppliers of rice to Africa, ADB added.

(VOV)