Vietnam hopes to boost rice exports as global prices escalating

There are signs showing that the rice is the next commodity to see price fever. Vietnam, with the rice output of 28 million tons, can ensure its food security and grasp the opportunity to boost exports, reports VietNamnet.
The FAO Food Price Index shows that global food prices have soared by 75 percent from pre-pandemic period. The rice price in the world has increased for the fifth consecutive month and it soared to the 12-month record high in May.
The prices of many foods, from wheat to cereals, meat to oil have skyrocketed because of a wide range of reasons, including the higher prices of fertilizer and energy, as well as the Russia-Ukraine conflict which has impacted the supply chain.
The food export bans and the serious supply disruption from some countries, such as India (which prohibits to export wheat), Ukraine (wheat, oats and sugar) and Indonesia (palm oil) have also pushed the prices up.