The price of rice exported from Vietnam has risen to its highest level in 15 years, according to new data.
According to Vietnam News Agency, the average price of Vietnam’s rice exports in the first half of this year was $539 per ton, or about 700,000 Korean won, up 10.2 percent from the same period last year.
Currently, Vietnamese rice prices are at their highest level in 15 years, and the country’s export industry expects grain prices to rise further as India, which accounts for 40 percent of global rice exports, imposes restrictions on rice exports.
The Indian government announced a ban on exports of non-basmati varieties of white rice on March 20, after prices in the grain’s domestic 카지노사이트넷 market fluctuated.
Non-basmati white rice and millets account for nearly half of India’s rice exports.