Vietnam sells more rice mainly to China

Vietnamese rice got off to a good start this year as the country recorded increasing rice exports last month with China its top customer.

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Rice exports reached 517,000 tonnes last month, a 16.4% rise in volume and 19.5% jump in value from January 2013, the Vietnamese Agriculture and Development Ministry reported in the Vietnam News on Thursday.

The country bagged US$243 million (8 billion baht) from selling the product, 31% of it going to China. But the exports to Malaysia and the Philippines dropped, it added.

Thailand once was the leading rice exporter but it was surpassed by India and Vietnam after the government launched the rice pledging scheme which buys rice at 15,000 baht per tonne, far above the market price.

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