Vietnamese rice exports have never experienced a rise quite like that just seen in the first nine months of 2018. Notably, high quality rice accounted for 80 percent of all rice exported, helping to lift the average export price to more than 500 USD per tonne, surpassing Thailand and an unprecedented move in the sector’s exporting history.
To become a regular rice supplier for world famous supermarket chains such as Walmart and Cosco, the rice sector had to overcome numerous barriers in order to meet the strict requirements on rice quality.
According to experts, the domestic rice sector will continue to be eventful with high demand for imports while the supply from other foreign rice export countries remains limited.
In order to take advantage of this opportunity, local rice enterprises should increase effective productivity, pushing the title of Vietnamese rice on the international market, while keeping in line with increasing value through quality. –VNA
