Keyword: "rice export"

The Thai Government has sped up the application process to just 30 minutes for enterprises looking to export rice instead of having to wait three days as in the past.

Rice exports set new records in both volume and value in 2024 but the commodity is expected to face a difficult year ahead as India lifted its ban on non-basmati white rice exports in September, which will push up global rice supplies next year.

Thailand exported 8.37 million tonnes of rice in January-October, a year-on-year increase of 20%, according to the Ministry of Commerce.

Vietnam’s agro-forestry-aquatic product exports are likely to achieve a record high of 62 billion USD in 2024, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Improving the rice quality, diversifying markets, and building a recognisable and trustworthy brand identity for Vietnamese rice are among measures for Vietnam to boost its rice exports, said Secretary of All India Spices Importers Federation (AISIF) Hiren Gandhi.

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.

KD Trading, a logistic company run by two Vietnamese-Canadians, has become the sole partner to distribute ST25 rice (Mr. Cua's rice) in the Canadian market.

Vietnam’s rice exports are expected to reach a record turnover of about 5 billion USD this year, as high demand from many large and traditional markets, such as the Philippines and Indonesia, continues.

Vietnam has many opportunities to promote rice exports in the second half of this year, even though India could change its rice export policy in the next few months, according to the Ministry of Industry and Trade (MoIT).

The prices of Vietnamese rice increased strongly in many foreign markets in the first half of this year, according to statistics from the General Department of Vietnam Customs.

The Philippines, one of the world's largest rice buyers and biggest importers of the Vietnamese grain, officially announced a reduction in rice import taxes from 35% to 15%, effective in early August this year and lasting until 2028.

Indonesia hopes for further cooperation with the Mekong Delta city of Can Tho in rice exports and technology in the agricultural sector to increase rice supply in the Southeast Asian region, Indonesian Minister of Agriculture Andi Amran Sulaiman told Secretary of the municipal Party Committee Nguyen Van Hieu in Can Tho on May 20.

Thailand exported 2.46 tonnes of rice in the first quarter of this year, up 19.4% from the same period last year, according to Charoen Laothamatas, President of the Thai Rice Exporters Association.

Positive prospects are forecast for Vietnam’s rice export in 2024, with bright signs in both market and price.

Vietnamese enterprises should seize the opportunities to increase rice exports to Indonesia which has allocated an additional rice import quota of 1.6 million tonnes for 2024 as dryness linked to the El Nino delayed harvest in the country, according to the Vietnam Trade Office in Indonesia.

Indonesia has concluded its bidding process for 17 rice packages with a total volume of 500,000 tons. It is a good news that Vietnam has won 8 out of the 17 packages.

Thailand expects to export 7.5 million tonnes of rice this year, down 14.4% year-on-year, due to lower production and increased competition, according to the Thai Ministry of Commerce.

As many as 161 merchants had been granted certificates of eligibility for exporting rice as of January 22, decreasing from mid-2023, reported the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

Vietnam's position as the world's third-largest rice exporter presents a significant opportunity for the rice industry to transform itself and emerge as a dominant player in the global market in terms of both quantity and quality.

Thai Deputy Prime Minister and Commerce Minister Phumtham Wechayachai is aggressively promoting the sale of rice, leading the way with a government-to-government deal of 1 million tonnes with Indonesia, as well as another 1 million tonnes with the private sector.