This past January and February, foreign sales of Vietnamese grain were just 789,000 tons, bringing in sales of $417 million, down 10.8 percent from the same period last year, according to the report by the Ministry of Agriculture and Rural Development.
The decline in confiscated value came even as the average price of Vietnamese export rice rose 9.8 percentage points year-on-year in the first two months of the year.
At the beginning of 2023, the sector authorities forecast a good environment for grain exports due to the impact of climate change and drought in the United States, Europe and China, as well as growing demand from traditional markets such as Indonesia and Bangladesh.
According to experts in this field, foreign sales of this grain will reach six million tons in 2023, while last year the figure increased to almost 7.2 million tons worth three thousand 490 million dollars.
lam/mpm