Good signs for Vietnam’s rice exports this year

(FILES) This photo taken on February 23, 2024 shows a farmer looking at his crop in a dry rice field amid a long heatwave in southern Vietnam's Ca Mau province in the Mekong Delta region, known as "Vietnam's rice bowl". Vietnam faces nearly $3 billion a year in crop losses as more saltwater seeps into arable land in the dry season, state media reported on March 17, 2024, citing new research. (Photo by Tan Dien / AFP)

HANOI: This year is forecast to be the second consecutive year that rice exports exceed eight million tonnes, bringing in about US$5bil.

The global rice supply is decreasing, and countries such as the Philippines, Indonesia, China and some other markets are all increasing rice imports to ensure food security, which creates opportunities for Vietnamese rice exports this year.