Vietnamese rice wins big, export price surpasses Thailand and India
Vietnamese rice wins big, export price surpasses Thailand and India
Exports unexpectedly exceeded the target by nearly 1 million tons. The selling price surpassed competitors from Thailand and India, helping the Vietnamese rice industry have a strong year, earning 3.49 billion USD. As a result, enterprises are rushing to close export orders for 2023.
The price is at the top; businesses close large orders.
In the last days of 2022, Mr. Nguyen Thai Binh - General Director of Trung An Hi-tech Agriculture Joint Stock Company - informed us that the company had just closed an order of 8,000 tons of fragrant rice. Previously, this business also closed an order for 20,000 tons of rice to South Korea, expected to be exported from the beginning of 2023.
According to Mr. Binh, the price of 5% broken rice is very high and is expected to increase further. The cost of high-quality rice for export is also $750-1,200/ton, depending on the type. This is a favorable price for Vietnamese rice exporters.
Orders received by Trung An company lasted until April 2023; the first quarter was almost full of demands.
Fastidious markets such as Europe, Korea, Australia, the Middle East, etc., are fond of high-quality Vietnamese rice. As a result, new orders are constantly being signed. Therefore, Mr. Binh calculates that rice exports in 2023 will continue to be favorable, with revenue increasing by about 30% compared to 2022.
According to the Vietnam Food Association (VFA), the price of Vietnamese rice exports in the market recently increased. For example, on December 24, the selling price of Vietnam's 5% broken rice for export was at 453 USD/ton, up 10 USD/ton compared to the beginning of December; 25% broken rice is priced at 438 USD/ton, up 5 USD/ton.
Some businesses have assessed that the price of fragrant rice ST24 and ST25 has never been exported to the Middle East and European markets for more than 1,000 USD/ton as of 2022.
The export price of Vietnamese rice continuously surpassed competitors from Thailand and India to rise to the top of the world, reaffirming the Vietnamese "pearl" position in the "global market."
Nguyen Duy Thuan - General Director of Loc Troi Group, revealed that in 2022, rice exports of this enterprise increased by more than 200% to the European high-standard market, and revenue increased by more than 150% compared to the previous year. Many countries have ordered Vietnamese rice in large quantities, creating an optimistic signal for the market. In the coming time, this enterprise will promote promotion and bring the Vietnamese rice brand into other European markets such as Germany and Switzerland...
Information from the Ministry of Agriculture and Rural Development, in 2022, rice export output will reach 7.2 million tons - the highest in recent years and exceed the set target by nearly 1 million tons; export turnover reached 3.49 billion USD, the highest level since 2013.
Not only increasing both output and value, but Vietnamese rice grains are also increasingly occupying a variety of markets. Other "difficult" markets also recorded high growth. In particular, rice exports to the US market increased by 85%; the EU market grew by 82%.
Quit thinking about traveling, and change direction to go a long distance.
According to agricultural experts, Vietnam's rice exports in the first months of 2023 will continue to grow well due to severe weather in many Asian countries (where 90% of global rice production is); Climate change, severe drought in the US, Europe and China (the country with the most significant demand for rice in the world) are putting the rice supply in short supply.
Not to mention, the quality and food safety of Vietnamese rice is improving daily, so many high-end markets worldwide choose it. Major rice-importing countries such as China, Africa, the Philippines, Indonesia, etc., significantly demand Vietnamese rice.
To take advantage of the opportunity to export rice in 2023, the Ministry of Agriculture and Rural Development has directed vital production areas to prioritize high-quality short-term rice varieties, fragrant rice varieties suitable to the market's requirements, and reduce the proportion of medium-quality rice varieties and sticky rice.
The ministry will continue to promote the restructuring of the rice production industry toward increasing value and coordinate with localities and businesses to focus on building brands for Vietnam's rice industry.
According to the Minister of Agriculture and Rural Development, Le Minh Hoan, businesses have understood the story of a higher market. Through the information of rice exporters to Europe, Japan... shows that we export quality goods, focusing on the requirements of each call.
He said that Vietnamese rice exports to the European or Japanese markets, although at this stage the scale is not large, it is clear that it is a signal that once the mindset is changed, it will create added value. , leading rice growers to follow the standards of the market.
The price is at the top; businesses close large orders.
In the last days of 2022, Mr. Nguyen Thai Binh - General Director of Trung An Hi-tech Agriculture Joint Stock Company - informed us that the company had just closed an order of 8,000 tons of fragrant rice. Previously, this business also closed an order for 20,000 tons of rice to South Korea, expected to be exported from the beginning of 2023.
According to Mr. Binh, the price of 5% broken rice is very high and is expected to increase further. The cost of high-quality rice for export is also $750-1,200/ton, depending on the type. This is a favorable price for Vietnamese rice exporters.
Orders received by Trung An company lasted until April 2023; the first quarter was almost full of demands.
Fastidious markets such as Europe, Korea, Australia, the Middle East, etc., are fond of high-quality Vietnamese rice. As a result, new orders are constantly being signed. Therefore, Mr. Binh calculates that rice exports in 2023 will continue to be favorable, with revenue increasing by about 30% compared to 2022.
According to the Vietnam Food Association (VFA), the price of Vietnamese rice exports in the market recently increased. For example, on December 24, the selling price of Vietnam's 5% broken rice for export was at 453 USD/ton, up 10 USD/ton compared to the beginning of December; 25% broken rice is priced at 438 USD/ton, up 5 USD/ton.
Some businesses have assessed that the price of fragrant rice ST24 and ST25 has never been exported to the Middle East and European markets for more than 1,000 USD/ton as of 2022.
The export price of Vietnamese rice continuously surpassed competitors from Thailand and India to rise to the top of the world, reaffirming the Vietnamese "pearl" position in the "global market."
Nguyen Duy Thuan - General Director of Loc Troi Group, revealed that in 2022, rice exports of this enterprise increased by more than 200% to the European high-standard market, and revenue increased by more than 150% compared to the previous year. Many countries have ordered Vietnamese rice in large quantities, creating an optimistic signal for the market. In the coming time, this enterprise will promote promotion and bring the Vietnamese rice brand into other European markets such as Germany and Switzerland...
Information from the Ministry of Agriculture and Rural Development, in 2022, rice export output will reach 7.2 million tons - the highest in recent years and exceed the set target by nearly 1 million tons; export turnover reached 3.49 billion USD, the highest level since 2013.
Not only increasing both output and value, but Vietnamese rice grains are also increasingly occupying a variety of markets. Other "difficult" markets also recorded high growth. In particular, rice exports to the US market increased by 85%; the EU market grew by 82%.
Quit thinking about traveling, and change direction to go a long distance.
According to agricultural experts, Vietnam's rice exports in the first months of 2023 will continue to grow well due to severe weather in many Asian countries (where 90% of global rice production is); Climate change, severe drought in the US, Europe and China (the country with the most significant demand for rice in the world) are putting the rice supply in short supply.
Not to mention, the quality and food safety of Vietnamese rice is improving daily, so many high-end markets worldwide choose it. Major rice-importing countries such as China, Africa, the Philippines, Indonesia, etc., significantly demand Vietnamese rice.
To take advantage of the opportunity to export rice in 2023, the Ministry of Agriculture and Rural Development has directed vital production areas to prioritize high-quality short-term rice varieties, fragrant rice varieties suitable to the market's requirements, and reduce the proportion of medium-quality rice varieties and sticky rice.
The ministry will continue to promote the restructuring of the rice production industry toward increasing value and coordinate with localities and businesses to focus on building brands for Vietnam's rice industry.
According to the Minister of Agriculture and Rural Development, Le Minh Hoan, businesses have understood the story of a higher market. Through the information of rice exporters to Europe, Japan... shows that we export quality goods, focusing on the requirements of each call.
He said that Vietnamese rice exports to the European or Japanese markets, although at this stage the scale is not large, it is clear that it is a signal that once the mindset is changed, it will create added value. , leading rice growers to follow the standards of the market.
In other words, businesses are gradually giving up thinking of buying and selling wholesale flights, which are commercial, and now shape the market in the long run.
Previously, there were orders for businesses to start buying rice, he cited. Now, many enterprises, such as Loc Troi, Trung An, etc., cooperate with farmers to form a large rice production area to gradually stabilize the source of raw materials and meet the market demand.
Category
Hot news
Other news
