EL Nino caused many countries to increase their pu

In the first 5 months of the year, many countries in Asia and the Middle East massively bought Vietnamese rice with turnover increasing from 30% to several dozen times. The latest report of the Ministry of Agriculture and Rural Development said that rice exports in 6 months reached 4.2 million tons, with a turnover of 2.32 billion USD. The average export price of rice in the first 5 months of the year reached 517 USD per ton, up 5.8% over the same period in 2022 (489 USD per ton). In the first half of this year, the Philippines was Vietnam's largest rice consumption market with a market share of 42.4% with an amount of 1.5 million tons, equivalent to more than 772 million USD. Next is China with a turnover of 364 million USD, an increase of 72.9% over the same period last year. In addition to the above two countries, this year, Indonesia rose from 8th position to the top 3 countries buying the most Vietnamese rice, just behind the Philippines and China. In the first 5 months of the year, Indonesia bought more than 181 million USD of rice from Vietnam, an increase of 14 times over the same period last year.