Vietnamplus

Vietnam’s rice output topped 43.86 million tonnes in 2021, up 1.1 million tonnes year-on-year, according to the Ministry of Agriculture and Rural Development.

Thailand has set a target of rice exports of 7-7.5 million tonnes next year, up from an estimated 6 million tonnes this year, helped by sufficient water supply and a weak baht, making Thai grains more competitive.

Trung An Hi-tech Farming JSC in the Mekong Delta city of Can Tho has won a bid for 15,000 tonnes of rice from the Republic of Korea, CEO Pham Thai Binh announced on November 17.

Vietnam is expected to achieve its export target of 6.3 million tonnes of rice worth 3.2 billion USD this year due to high global demand and an increase in export prices.

The Ministry of Industry and Trade (MoIT) has proposed a “green lane” be quickly opened for waterway transport to ensure smooth trading of rice.

The Thai government looks set to extend the rice price guarantees in the 2021-22 season, pledging to earmark 88 billion THB (over 2.6 billion USD) for the annual scheme operating for the third consecutive year.

Thailand has exported 2.2 million tones of rice with a value of 1.38 billion USD in the first six months of this year, the Nation newspaper reported.

High prices of rice sold in the domestic market and for export in the recent past have fueled risks of origin fraud, influencing the prestige of Vietnamese rice in the global market, insiders have warned.

The Philippines’s lowering tariffs on imported rice would open up opportunities for Vietnam to maintain stable supply of the product for the country and helping it stabilise the domestic market, the Vietnamese Ministry of Industry and Trade said.

The volume of rice exported last month is estimated at 700,000 tonnes with a value of 362 million USD.

In order to take advantage of FTAs ​​and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to coordinate with ministries, branches and the Vietnam Food Association to help businesses effectively implement the deals and make the most of markets such as the Republic of Korea and the EU.

Vietnam exported 638,000 tonnes of rice worth 352 million USD in the first two months of 2021, down 31.4 percent in volume and 18.3 percent in value year-on-year.

2020 rice export exceeds 6.1 million tonnes

he Bangkok Post on January 25 published an article entitled “Vietnam’s clever rice strategy” by Executive Vice President of the Bangkok Bank Suwatchai Songwanich, mentioning Vietnam and Thailand’s approaches to rice export.

The Philippines was the top importer of Vietnamese rice in 2020, purchasing 2.22 million tonnes worth 1.06 billion USD, a year-on-year surge of 4 percent in volume and 19.3 percent in value, according to the General Department of Vietnam Customs.

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.

Trung An High-Tech Agriculture Joint Stock Company will export 1,600 tonnes of high-value fragrant rice to Singapore and Malaysia, the Ministry of Agriculture and Rural Development announced on January 13.

Cambodia shipped 11,200 tonnes of organic milled rice abroad in 2020, a 1.2-percent increase over 2019, according to the Cambodia Rice Federation (CRF).

Vietnam earned over 3 billion USD from exporting rice in 2020, according to the Vietnam Food Association (VFA), a year-on-year increase of more than 10 percent.

Thailand’s rice export volume is estimated to reach 5.7 million tonnes in 2020 with revenue of about 3.8 billion USD, down 12 percent year on year, according to Thai Rice Exporters Association (TREA) Honorary President Chookiat Ophaswongse.