World is in need of Vietnam’s rice exports: insiders

The potential of Vietnam’s rice exports is great as the world demand for the country’s staple skyrockets, representatives of local rice exporters said at a conference in Ho Chi Minh City on Wednesday. Asia remained the largest importer of Vietnam’s rice, followed by Africa and Europe. Market analysis firm Fitch Solutions earlier forecast a global rice shortfall of 8.7 million metric tons in 2022-23, which would mark the biggest global rice deficit since 2003-04. The potential of Vietnam’s rice exports is great as the world demand for the country’s staple skyrockets, representatives of local rice exporters said at a conference in Ho Chi Minh City on Wednesday. Market analysis firm Fitch Solutions earlier forecast a global rice shortfall of 8.7 million metric tons in 2022-23, which would mark the biggest global rice deficit since 2003-04.