Rice export sets new record in 2024, but 2025 forecast to be tough


MANILA/HANOI (Vietnam News/ANN): Rice exports set new records in both volume and value in 2024 but the commodity is expected to face a difficult year ahead as India lifted its ban on non-basmati white rice exports in September, which will push up global rice supplies next year.

Statistics from the Ministry of Agriculture and Rural Development showed that rice export totalled 9 million tonnes, valued at 5.7 billion USD in 2024, representing a rise of 11% in volume and 24% in value over 2023.

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