Vietnam, the world’s third largest rice exporter, is now buying rice from India. This is the first time in 10 years that a country that challenges India in terms of the number of rice exporting countries in the world market is taking rice from us. He told Reuters that for the first time in nine years there, the industry has been at a peak with the price of rice thereby buying rice from India.

Rice production in Vietnam is quite high and rice is eaten there too. Asian countries have tightened their rice supply, which could further increase the price of rice in 2021. These price increases are turning to buy traditional rice buyers Thailand and Vietnam from India.

Industry officials say a deal to export 70,000 tonnes of 100% broken rice to Indian traders was signed in January-February. This shipment is approximately 10 310 per ton.

“We are exporting Vietnam for the first time,” said BV Krishna Rao, president of the rice exporters association. He said India’s rice prices were attracting everyone in the world market. Exports are only possible because of the difference in prices.

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