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(NDO) Vietnam's rice exports have not only increased, but also the export price is higher than that of some other exporting countri.
This is the result of improving the quality of rice over a long period of ti.
This is the result of improving the quality of rice over a long period of ti.
Rice export value to increase
Lộc TrờiGroup Export Manager Nguyen Van Hau held a seminar titled “Exploiting the UK’s Market Potential and Utilizing the Advantages of the Vietnam-UK Free Trade Agreement” at the Ministry of Industry and Trade of Vietn.
The amount of rice exported is increasing year by ye.
In particular, the average annual rice exports to the UK market alone amount to 20,000 to.
The amount of rice exported is increasing year by ye.
In particular, the average annual rice exports to the UK market alone amount to 20,000 to.
This is a welcome sign, as companies exporting rice to the EU and UK markets must strictly abide by product quality standar.
.
Nguyen Van Hau said: "A few years ago, it was very difficult to enter the above-mentioned market, because there was no clear process and standard, and the rice did not meet the standa.
Since 2020, Tinci Group has invested in seeds, chemical fertilizers, non-toxic and harmless pesticides, and the same Farmers cooperate to transport export and other sustainable value chai.
As a result, Tinci Group’s rice has been successfully exported to the EU and .
”
.
Nguyen Van Hau said: "A few years ago, it was very difficult to enter the above-mentioned market, because there was no clear process and standard, and the rice did not meet the standa.
Since 2020, Tinci Group has invested in seeds, chemical fertilizers, non-toxic and harmless pesticides, and the same Farmers cooperate to transport export and other sustainable value chai.
As a result, Tinci Group’s rice has been successfully exported to the EU and .
”
The lessons learned by Tinci Group exemplify the opposite of exporting rice in recent yea.
Only five to seven years ago, Vietnam's rice exports were overly reliant on the Philippine and Indonesian markets, which have high demand for low- and medium-grade rice produc.
However, Vietnamese rice exporters have also been able to produce higher-grade rice in recent years when the Philippines turned to a private import mechani.
Only five to seven years ago, Vietnam's rice exports were overly reliant on the Philippine and Indonesian markets, which have high demand for low- and medium-grade rice produc.
However, Vietnamese rice exporters have also been able to produce higher-grade rice in recent years when the Philippines turned to a private import mechani.
IR50404 rice, which used to account for 30 to 40% of Vietnam's total rice exports, has now fallen below 10%, indicating a complete inversion of Vietnam's low-grade and high-grade rice export structu.
Notably, Vietnam's new high-end rice variety is worrying Thai traders, not only because of its quality, but also because it is priced higher than the country's ri.
In addition, Vietnam's glutinous rice has also created a mirac.
The world's total export of glutinous rice is 600,000 to 700,000 tons, and Vietnam alone accounts for 70 to 8
In addition, Vietnam's glutinous rice has also created a mirac.
The world's total export of glutinous rice is 600,000 to 700,000 tons, and Vietnam alone accounts for 70 to 8
In recent years, the export price of rice in other countries has fluctuated greatly, but the price of rice in Vietnam has been stab.
At present, the export price of rice in Vietnam is in a leading position among the four traditional rice exporting countries including Vietnam, Thailand, India and Pakist.
At present, the export price of rice in Vietnam is in a leading position among the four traditional rice exporting countries including Vietnam, Thailand, India and Pakist.
Compared with Thailand as a competitor, Vietnam's rice varieties are more diverse at prese.
Vietnam has many varieties that Thailand and Cambodia do not ha.
Therefore, Vietnam can compete fairly with Thailand in the Philippine mark.
For the higher-grade rice exported to the European market, it can be seen that Vietnam's rice is also in a very favorable position when the quantity of Jasmine, ST24, ST25 and other varieties is not enough to se.
It is worth noting that Vietnam not only has an advantage in the market, but also has competitive rice varieties such as DT8, ST, which are unique products that Thailand does not ha.
Vietnam has many varieties that Thailand and Cambodia do not ha.
Therefore, Vietnam can compete fairly with Thailand in the Philippine mark.
For the higher-grade rice exported to the European market, it can be seen that Vietnam's rice is also in a very favorable position when the quantity of Jasmine, ST24, ST25 and other varieties is not enough to se.
It is worth noting that Vietnam not only has an advantage in the market, but also has competitive rice varieties such as DT8, ST, which are unique products that Thailand does not ha.
Continue to focus on improving rice quality and brand
The export market for rice is active, and the demand in markets such as China, Bangladesh, Iran and Sri Lanka has soar.
Thanks to the various benefits of the Vietnam-EU Free Trade Agreement, Vietnam’s exports to the EU are expected to increase significantly in 202
Thanks to the various benefits of the Vietnam-EU Free Trade Agreement, Vietnam’s exports to the EU are expected to increase significantly in 202
Therefore, Vietnam recommends domestic companies to ensure the supply of goods, pay attention to relevant information such as containers and shipping, so as to take the initiative to deliver goods and sign new contrac.
Pei Jinchui, an expert on international integration at the US-ASEAN Business Council, said that the most difficult stage is that few people do is to build a brand, and it is rare for Vietnamese export companies to use their own bran.
This is the problem we need to overco.
In addition, companies need relevant trade remedies because Vietnam may face many tariff risks when exporting large quantities of rice to a certain market in a short period of ti.
This is the problem we need to overco.
In addition, companies need relevant trade remedies because Vietnam may face many tariff risks when exporting large quantities of rice to a certain market in a short period of ti.
.
Pei Jinchui said: "At present, consumers around the world focus on 'eat well and dress well' and what food to eat to be healthy and beautif.
Therefore, in the face of increasingly demanding consumers, we not only focus on food security, but also increase the quantity, And it has to focus on creating quality, branded, high-quality produc.
TheST25 is a prime example of this directi.
” (Finish)
Pei Jinchui said: "At present, consumers around the world focus on 'eat well and dress well' and what food to eat to be healthy and beautif.
Therefore, in the face of increasingly demanding consumers, we not only focus on food security, but also increase the quantity, And it has to focus on creating quality, branded, high-quality produc.
TheST25 is a prime example of this directi.
” (Finish)
