As financial institutions across the world take a dive and luxury goods become less affordable, simple commodities like rice continue to be in high demand. Vietnam, the world’s second highest exporter of rice (behind Thailand), has already earned US$268 million this year in the industry.
The country has already exported 373,760 tons of rice this month alone and expects its year-end total to be in the range of 4.5 to 5 million tons – or almost US$3 billion in earnings.