Vietnam's rice sector works on US$5bil export target

Asian staple: A worker moves a bag of rice in Ho Chi Minh City. Experts are forecasting that global rice production this year will hit 520 million tonnes while demand is expected to reach 525 million tonnes. — AP

HANOI: Vietnam’s rice exports are expected to continue their upward trajectory this year, toward a milestone of US$5bil in turnover.

The year marks a period of anticipated volatility in the global rice market, encompassing fluctuations in production and demand, as well as in related policies from leading exporting nations.