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The export rice market is active again

Exciting rice market

At this time, in the Mekong Delta – which accounts for 90% of the country’s export rice production, the winter-spring rice crop is gradually ending, along with the rice purchasing and hoarding activities of exporting enterprises have also been completed. Special activity rice export In the past 2 weeks, there are signs of more excitement, export prices are also at a high level in the past 3 months.

In recent days, Viet Hung and Tien Giang companies are operating at full capacity to pack goods to Hong Kong (China). Because the market demand recovered and increased somewhat, the selling price also adjusted from 415 – 500 USD/ton depending on the type.

Mr. Nguyen Van Don – Director of Viet Hung Company, Tien Giang said: “The export signal is very good. At the end of May, the Philippines will boost buying, the market will get better”.

“In the last 2 weeks, the price has increased because the import demand of other countries and the domestic market is out of season, so customers also buy and store,” said Mr. Nguyen Van Thanh – General Director of Phuoc Thanh IV Company, Vinh Long said.

In recent days, the export price of Vietnamese rice has continuously maintained its leading position compared to Thailand, India and Pakistan. In which, 5% broken rice increased from 12-15 USD/ton compared to the beginning of the year, to 415 USD/ton; 100% broken rice increased by 17 USD/ton after 3 adjustments. This positive information has also helped the price of rice in the Mekong Delta increase slightly and remain stable from 5,500 – 6,000/kg depending on the type.

The export rice market is active again - Photo 1.

The purchase and storage of rice by many exporters has also been completed. (Illustrated photo – Photo: VNA)

Actively enhance fragrant rice products to promote production

According to the forecast of the Vietnam Food Association, the second quarter will be the time when rice exports will be busier as importing countries step up their purchases as a positive signal from the Philippines when the SPS import license is due in May. approved. Therefore, domestic enterprises need to ensure the source of goods, pay attention to information about containers, sea freight to actively deliver goods and sign new contracts.

A development that needs attention when the average export price of Vietnam’s rice in the first 3 months of the year decreased by nearly 11%. According to businesses, although the export market in the second quarter promises to prosper, the export price of Vietnamese rice growth in the coming time depends much on the efforts of each enterprise.

In recent years, domestic consumers have become accustomed to rice products of domestic enterprises, with stable quality and reasonable prices. In the same way, many businesses are now also starting to export these types of rice, packaged in small packages with their own brands, to conquer foreign markets – something that for decades, Vietnam’s rice industry has not been able to achieve. can do.

This Tan Long Group has just exported more than 100 tons of their own branded rice to the Japanese market. This not only increases the value by 20% but also is the first step to affirm the quality and brand of their rice in the fastidious market.

Before that, they actively expanded the area of ​​new sub-organic rice to meet the strict standards of difficult markets, in line with the restructuring development orientation of the whole industry.

As for the Northern Food Corporation, which previously exported a lot of white rice and low-grade products, now has also shifted sharply, increasing high-quality aromatic rice products, and actively seeking new markets. Currently, the export ratio of these two types of rice is 50:50.

The export rice market is active again - Photo 2.

According to the Ministry of Industry and Trade, Vietnam’s rice exports this year will reach the target of 6.7 million tons. Illustration – Photo: Dan Tri.

However, according to the Ministry of Industry and Trade, after enterprises bring the Vietnamese rice brand to the world market, it is important to maintain stability in terms of quality, price and compliance with delivery time commitments. row.

Mr. Tran Thanh Hai – Deputy Director of Import-Export Department, Ministry of Industry and Trade said: “Rice brand must also be based on long-term factors, i.e. stability in quality, aroma, sweetness and other characteristics. It must go through a process of developing and maintaining those characteristics to become a sustainable brand.”

According to the report, global trade in 2022 will reach 48.8 million tons, an increase of about 100 thousand tons compared to 2021. From the world’s food demand and Vietnam’s rice supply, despite the COVID-19 epidemic- 19 is still complicated, the Russia-Ukraine conflict is tense, but according to the Ministry of Industry and Trade, Vietnam’s rice exports this year will reach the target of 6.7 million tons.

RCEP, which took effect from January 1, 2022, has a broader and deeper level of commitment with ASEAN countries, China… this is a favorable condition for Vietnamese rice enterprises to gain stronger access to the Philippines and China. Country.

Or in the EU market, Vietnam currently has an advantage over Thailand, when each year there is a quota of about 80,000 tons of preferential rice imported into this market. According to the Ministry of Industry and Trade, in the coming time, businesses need to take advantage of the above trade agreements to find more contracts based on the above advantages.


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