Vietnam has imported an unusually high volume of paddy rice in the first two months of the year, totaling 1.24 million tonnes, according to the Vietnam Food Association (VFA).
The strong growth in export value in the first two months of the year is evidence of the industry's potential, he said, underscoring the need to continue investing in processing technology, expanding markets, and responding flexibly to global fluctuations.
Vietnamese and Thai 5% broken rice have seen declines of 38-45%, with Vietnam’s prices falling from 680-700 USD per tonne to 390-400 USD per tonne, an unprecedented decrease.
US President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as the USMCA from his 25% tariffs, offering major reprieves to the US’ two largest trading partners.
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