Vietnam’s broken rice (locally known as com tam) was chosen the second place among the top 100 most tasty rice dishes in Asia by TasteAtlas, the home of local food, traditional restaurants, and authentic recipes, in March this year.
Vietnam’s rice export prices hit a more than nine-year high this week as fresh orders trickled in, while rates for the Indian variety held near a one-month peak on healthy demand from buyers in other Asian countries and Africa, according to an article published on Pakistan’s news website Business Recorder.
High hopes are pinned on Vietnam’s rice export in the early months of 2021 after the price of its 5-percent broken rice exceeded 500 USD per tone last year, the highest since the end of 2011.
Vietnam, for the first time in decades, has signed a contract with India to buy 70,000 tonnes of 100-percent broken rice from India to meet increasing demand of this kind of rice in the domestic market for producing animal feed.
While 2020 has been a successful year for Vietnamese rice exports, more must be done to accelerate the development of the national rice brand, experts have said.
With the European Union – Vietnam Free Trade Agreement (EVFTA), the EU will completely liberalise trade in broken rice, and will reduce the tax rate to zero percent for Vietnamese rice products after three to five years. This is a great opportunity for Vietnamese rice to compete in the EU market.
According to the Vietnam Food Association (VFA), the price of Vietnamese rice has increased since mid-July, and exceeded Thailand’s to become the highest in the world for some types.
The golden time for Vietnam to promote its rice brand will come once the country is able to promptly expand production of ST25 rice in line with a safe process, according to rice exporters.
Myanmar exported more than 1.64 million tonnes of rice and broken rice during the period from October 1 and March 27 in the 2019-2020 fiscal year, according to the Myanmar Rice Federation (MRF).
Export prices for Indian and Thai rice increased this week on the back of an appreciation in their domestic currencies, while that of Vietnam went down over quiet demand.
Because of the variety in taste of many eaters, com tam has been "combined" with several elements of different culinary traditions and become a symbolic dish for fusion cuisine.
Myanmar earned nearly 436 million USD from exporting rice and broken rice from April 1 to October 26 this year, according to the Myanmar Rice Federation (MRF).
Myanmar exported 1.12 million tonnes of rice in the last six months, earning over 390 million USD, according to an announcement of the Myanmar Rice Federation.
Myanmar has earned more than 1.11 billion USD from rice and broken rice exports in the fiscal year 2017-2018, the Myanmar Rice Federation said on April 7.
Vietnamese firms have won deals to supply 175,000 tonnes of rice to the Philippines at a tender on July 25, according to the Vietnam Food Association (VFA).
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