The Rising Demand for Specialty Rice Varieties Leads to Increased Trade Basmati rice is one of the best types of rice in the world, known for its sleek, slender, tapering grains with a unique aroma, taste, and grain elongation quality upon cooking. Exports of the premium variety from India have an 85% share in the Basmati exports market. Exports this year have reached $37.3 billion, a decrease of 14.2 percent in turnover in comparison with 2008, but many export items saw sharp increases in export volume, including coffee, rice After the liberation in 1975, Vietnam faced food shortages. A dense network of canals has since been dug in Dong Thap Muoi. Over time, the natural wetlands turned into immense rice fields. The digging of canals, on the one hand, saved people from potential hunger, and turned Vietnam into one of the world's biggest rice exporters. Southeast Asia accounts for 40 per cent of the world's rice exports and rice shortages resulting from lack of supply and price hikes have in the past led to civil disobedience in countries such Vietnam shipped 4.73 million tonnes of rice abroad for 2.3 billion USD, up 18.6% and 8.1%, respectively, from last year. However, the export price of rice suddenly dropped in August, with white rice 5% broken fetching from 390 - 393 USD per tonne, down 25 USD from the price in July. This is the fourth consecutive decrease so far. cash. Please note the data in two alerts on Vietnam's November rice exports issued on Tuesday was already included in a story on Monday attached Nov 29 Reuters - Vietnam's coffee exports in the first 11 months of this year are expected to show a drop from a year earlier to million tonnes, while rice exports will likely post a increase, government data released on Monday exports are estimated to have fallen in the first 11 months of this year from a year earlier to million tonnes, equal to million 60-kg bags, the General Statistics Office said in a report on export revenue for Vietnam, the world's biggest producer of the robusta bean, will likely show a increase to $ billion in the 11-month period, the report country's coffee shipments in November are estimated at 78,000 tonnes valued at $181 million, it exports in the first 11 months of this year from Vietnam were forecast to have risen from a year earlier to million from rice exports in the period was expected to rise to $ rice exports from Vietnam, one of the world's largest shippers of the grain, totalled 563,000 tonnes, worth $297 Jan-Nov crude oil exports were seen falling from the same period last year to an estimated million oil export revenue in January to November is expected to rise to $ product imports in the first 11 months of the year were estimated at around nine million tonnes, down from the same period last year, and the value of product imports were expected to rise to $ Standards The Thomson Reuters Trust Principles. © 2023 Meredith Corporation. All Rights is provided by Barchart at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see

vietnam's rice export this year will decrease