Tan Long has entered the rice export market in recent years. Its rice processing plant is located in Lap Vo district in the Mekong Delta province of Dong Thap with capacity of 180,000 – 200,000 tons of rice per year. The company’s traditional markets are the Philippines, Indonesia and Malaysia. Recently, it has been able to access the Republic of Korea – a choosy market with strict regulations on quality and date of delivery. Tan Long's rice processing plant Japonica is a high-quality round grain variety, which has been cultivated in the Mekong Delta for the past 10 years. Since late 2016, Tan Long Group has won bids to provide this kind of rice to the RoK. In 2017, the group won two contracts to export more than 41,000 tons of rice to the market. The outcomes were attributed to the company’s efforts to build a rice production chain in the Mekong Delta – the rice bowl of Vietnam. It aims to connect farmers with rice processing plants … [Read more...] about Vietnamese group wins Japonica rice export contracts to RoK
Biggest rice exporter
Rice exports bring home US$1.1 billion in Jan Apr
Vietnam earned US$1.1 billion from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume. Vietnam earned US$1.1 billion from exporting 2.16 million tonnes of rice in the first four months of 2018 -Source: Internet China remained the biggest rice importer of Vietnam with 29.1 percent of the rice market share, according to the Ministry of Agriculture and Rural Development. The average export price for rice showed a year-on-year rise of 15 percent to touch US$501 per tonne thanks to better quality. High-quality rice comprised of up to 81 percent of the rice export volume, the ministry said, forecasting the world’s rice market will see a decrease in supply and an increase in demand in the coming time. In 2018, Vietnam is forecast to ship 6.5 million tonnes of rice abroad, up 700,000 tonnes compared to 2017. According to Vietnam’s Rice Market Development Strategy from 2017 to 2020 with a vision to … [Read more...] about Rice exports bring home US$1.1 billion in Jan Apr
Rice exports bring home USD1.1 billion in Jan-Apr
China remained the biggest rice importer of Vietnam with 29.1 percent of the rice market share, according to the Ministry of Agriculture and Rural Development.Vietnam earned USD1.1 billion from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume (Photo: VNA)The average export price for rice showed a year-on-year rise of 15 percent to touch USD501 per tonne thanks to better quality.High-quality rice comprised of up to 81 percent of the rice export volume, the ministry said, forecasting the world’s rice market will see a decrease in supply and an increase in demand in the coming time.In 2018, Vietnam is forecast to ship 6.5 million tonnes of rice abroad, up 700,000 tonnes compared to 2017.According to Vietnam’s Rice Market Development Strategy from 2017 to 2020 with a vision to 2030, one of the country’s goals is to gradually reduce the rice export volume but increase the value of exported … [Read more...] about Rice exports bring home USD1.1 billion in Jan-Apr
Rice exports bring home 1.1 billion USD in Jan-Apr
Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume (Photo: VNA) Hanoi (VNA) – Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume. China remained the biggest rice importer of Vietnam with 29.1 percent of the rice market share, according to the Ministry of Agriculture and Rural Development. The average export price for rice showed a year-on-year rise of 15 percent to touch 501 USD per tonne thanks to better quality. High-quality rice comprised of up to 81 percent of the rice export volume, the ministry said, forecasting the world’s rice market will see a decrease in supply and an increase in demand in the coming time. In 2018, Vietnam is forecast to ship 6.5 million tonnes of rice abroad, up 700,000 tonnes compared to 2017. According to Vietnam’s … [Read more...] about Rice exports bring home 1.1 billion USD in Jan-Apr
Import demand continues boosting Vietnam’s rice export
Farmers dry unhusked rice in Hong Dan district, the Mekong Delta province of Bac Lieu (Photo: VNA) Hanoi (VNA) – High rice import demand from Vietnam’s major markets in the second quarter is expected to help exporters continue good overseas shipments in the first three months of this year. Some foreign news sources reported that in late March, the State Logistics Agency of Indonesia (Bulog) signed contracts to purchase 300,000 tonnes of rice from Vietnam and 200,000 tonnes from Thailand. This is the third time Indonesia has imported rice since the beginning of 2018. Chairman of the Vietnam Food Association (VFA) Nguyen Ngoc Nam confirmed the report, saying that Bulog invited the Vietnam Northern Food Corporation and the Vietnam Southern Food Corporation to supply the rice. This contract will be carried out from April to July this year. The Philippines, another major market, is also planning to import rice in large amounts in the second quarter, the VFA said, adding … [Read more...] about Import demand continues boosting Vietnam’s rice export