Vietnam's rice exports between January and November rose 9.7 percent from a year ago to an estimated 7.44 million tonnes, the Agriculture Ministry said, led by Chinese purchases and already a record for annual shipments. Rising exports has put Vietnam on track to match the position of Thailand, the world's top rice exporter, which is expected to ship 7.5 million tonnes this year and 8.7 million tonnes in 2013. But Vietnam's exports would still be well below an expected shipment of 10 million tonnes from India, based on a USDA forecast.
Vietnam's rice export revenue for the 11-month period eased 1.4 percent from the same period last year to $3.42 billion, the ministry said in its monthly report, attributing the drop to lower export prices. Vietnam's 5-percent broken rice price has fallen 6.7 percent since the end of 2011 to around $450 a tonne this month, free-on-board basis. Industry officials say rice shipments from Vietnam, now the world's second-largest exporter, could hit 7.5 million tonnes in 2012, up from 7.2 million tonnes last year, which was the previous record.
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