Business

Rice sector stands a chance to boost value thanks to by-products

Vietnam, a leading rice producer and exporter in the world, has a chance to earn higher value from the grain by capitalising on by-products.
Rice sector stands a chance to boost value thanks to by-products ảnh 1The meeting between Deputy Minister of Agriculture and Rural Development Tran Thanh Nam (second from right) and representatives of the Oryza Oil & Fat Chemical company (Photo: VNA)
Tokyo (VNA) – Vietnam, a leading rice producer and exporter in the world, hasa chance to earn higher value from the grain by capitalising on by-products.

Talkingto visiting Vietnamese Deputy Minister of Agriculture and Rural DevelopmentTran Thanh Nam, Murai Hiromichi, President of the Nagoya-based Oryza Oil &Fat Chemical company, said rice bran oil generates 320 - 350 USD per tonne invalue while compounds obtained during oil extraction are used in 70 nutritionaland beauty care products.

He notedrice oil is a popular product in Japan and other developed countries, addingthat each tonne of bran can bring about 2,000 - 3,000 USD or higher in value ifit is maximised.

Makinga fact-finding tour of the factory of Oryza Oil & Fat Chemical, DeputyMinister Nam said applying technology to produce high-value products from ricebran could be an answer to the question of how to help rice farmers in Vietnam raise income.

In 2021, the countryproduced about 44 million tonnes of rice, which generated about 8 milliontonnes of bran.

Prof.Tran Dang Xuan from the Hiroshima University held that Vietnam should step up research and cooperation with Japan and other developed countries to soon make use ofthe values of agricultural by-products, especially from rice./.
VNA
#rice sector #rice bran oil #Oryza Oil & Fat Chemical #rice production #agricultural by-products #updated Vietnam news #Vietnamplus #Vietnam News Agency
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