The Vietnam-Hau Giang International Rice Festival 2023, themed “Centennial Journey of Vietnamese Rice”, opened in the Mekong Delta province of Hau Giang on December 12.

ST25 is seen as the world’s most delicious rice. The organizing board of a competition on December 5 affirmed that ST25 had won first prize.

Vietnam’s rice exports this year to the end of November hit a record high since 1989 with an export volume of nearly 7.8 million tonnes and turnover of 4.4 billion USD.

High demand for rice has prompted the export price of Vietnamese rice to rise to a record high of US$663 per tonne, the highest in the world at present.

The first International Rice Festival will be held in the Mekong Delta province of Hau Giang from December 11 to 15, aiming to turn Vietnam into a high-quality rice producer in a green and sustainable direction.

Vietnam's Ong Cua ST25 rice has won the first prize at the World’s Best Rice 2023 competition, within the framework of the 2023 International World Rice Conference Summit in Cebu, Philippines from November 28-30.

Vietnam’s five percent broken rice export prices continue to increase, hitting the new high of $663 per ton. The global rice supply is predicted to fall by 3.6 million tons next year over the previous crop.

Surpassing other major exports, Vietnam’s rice has become the most expensive in the world. However, experts have warned that overly high prices may pose risks to export companies.

The nation exported more than 7.05 million tonnes of rice worth US$3.95 billion between Jan. – Oct. 2023, up 15.9% in quantity and up 34% in value year on year.

Dr. Tran Ngoc Thach, Director of the Mekong Delta Rice Research Institute, introduced a project aimed at selecting and popularizing advanced salt-tolerant rice varieties at the ongoing International Rice Congress 2023.

Vietnam and Thailand will be the two main rice suppliers for Indonesia's upcoming purchase of 1.5 million tonnes of rice.

A Vietnamese firm has successfully secured a bid to export 50,000 tons of 5% broken rice to Indonesia as this country wants to import 300,000 tons of rice.

Prices of Vietnam’s exported rice are still the highest in the world, with that of 5% broken rice reaching 638 USD per tonne, and 25% broken rice 623 USD per tonne, according to the Vietnam Food Associaion.

Vietnam’s 25 percent broken rice price increased over the last month, climbing to a record high after India imposed a rice export ban, leaving Thai and Pakistani rice prices far behind.

The Ministry of Industry and Trade has announced the list of 210 businesses that are eligible to export rice.

Vietnam’s rice prices have climbed to a new high amid shortages around the world. It plans to export 7-8 million tons of rice this year at high prices, according to Minister of Agriculture and Rural Development Le Minh Hoan.

India, which provides 40 percent of global rice exports, is considering prohibiting the sale of rice abroad. The move may affect the global market and lead to an increase in Vietnam’s rice exports.

Growing 1 million hectares of high-quality paddy rice in Mekong Delta is an important project which is still on paper, but a number of countries have said they want to place orders.

Export prices of Vietnamese rice soared to 10-year highs in the first half of 2023, offering a bright prospect for the country’s rice export sector this year, according to the General Department of Vietnam Customs.

The price of exported rice has continuously increased since the beginning of 2023, reaching an average of US$517/ton, which is the highest average export price in the past ten years.