Tan Long's rice processing plant (Photo: VNA) Hanoi (VNS/VNA) - A Vietnamese companyhas won a bid to export 60,000 tonnes of Japonica brown rice to the Republic ofKorea (RoK), defeating competition from rivals of China, Thailand andAustralia.
According to members of the Vietnam FoodAssociation (VFA), Tan Long Group JSC is the only Vietnamese firm to win acontract in the RoK. In addition, Tan Long Group has also won a bid to export2,800 tonnes of long grain white rice at the same time.
This was the first time a privateVietnamese firm beat international businesses from China, Thailand andAustralia to win the contract providing rice to the RoK under the Governmentbidding process.
According to local businesses in the riceproduction industry, Japonica rice exported to the RoK has had export prices atabout 700 USD per tonne. This is also the highest price for Vietnamese riceexports.
The deadline for delivery of 60,000 tonnesto the RoK’s port is September 15.
So far this year, the Tan Long Group haswon bids to export 110,000 tonnes of Japonica rice to the Government of the RoK,including 50,000 tonnes in May.
They also said reducing the rice exportbusiness conditions of the Government has supported private enterprises topromote dynamism and competitive ability, to seek markets and to reducedependence on the Vietnam Food Association and large businesses such asVinafood.
In 2017, Vietnam won two rounds of bids inthe RoK and delivered a total of about 41,000 tonnes by the Tan Long Group,reported the Tien Phong (Vanguard) newspaper.
The RoK is a fastidious market and hasstrict regulations on quality and delivery time. Japonica brown rice has beengrown in Vietnam for about 10 years. The rice is high quality, but consumptionhas not been stable.
According to Tan Long Group, it has set upa production chain of this product to always ensure supply of high qualityrice.
From 2017 until now, Tan Long Group hascooperated with agricultural cooperatives in the Mekong Delta provinces to buyJaponica rice and to participate in the RoK Government’s bids to export thisproduct to the RoK.
The Ministry of Agriculture and RuralDevelopment said Vietnam’s rice exports in the first six months of 2018 wereestimated at 3.56 million tonnes, earning 1.81 billion USD, up 25 percent involume and 42 percent in value over the same period of 2017.
China was still Vietnam’s largest riceexport market, accounting for 30 percent of the total exports. Following wasIndonesia with 19 percent of the total.
During the first six months, Vietnam hadseen significant changes in quality of export rice, according to the ministry.-VNS/VNA
VNA
