While Vietnam is among the world’s top rice exporters, many consumers in some southern markets now prefer several types of Cambodian rice to the domestically grown produce. Some rice businesses in the southern province of Tien Giang have begun sourcing rice from Cambodia to distribute to Ho Chi Minh City and neighboring localities, instead of that grown in Vietnam’s Mekong Delta, known as the country’s granary. Trung, who runs a major rice firm in the province, said he sells an average of 500 metric tons of Cambodian rice on a monthly basis. He always comes to Cambodia to directly buy paddy there, and the rice processing and packaging are done at his own facility. "So I can ensure competitive prices and good quality for the produce," he said. Many Tien Giang-based rice businesses say consumers in southern Vietnam are fond of four types of Cambodian rice, namely Sa Mo, Sa Ri, Mong Chim and Soc Mien, even though there is nothing special about their flavor … [Read more...] about In rice-exporting Vietnam, consumers growing fond of Cambodian grain
Rice export vietnam
Rice export: Vietnam needs to develop high-tech agriculture
VietNamNet introduces the last part of the roundtable discussion "A quarter century of Vietnam’s rice exports", with the participation of Prof. Dr. Vo Tong Xuan, Dr. Vu Trong Khai and Mr. Nguyen Minh Nhi. relate news Who influences the rice market? Rice exports: Why are Vietnam’s miracle-makers still poor? Rice exports: Is Vietnam subsidizing foreign consumers? Who benefits the most from lower oil prices? Rice exports: If policies are changed slowly, the cost will be high VietNamNet: Except for the African market, currently the countries purchasing Vietnamese rice all have per capita GDP that is much higher than Vietnam’s. One of the reasons that Vietnam has to sell rice at cheap prices is we produce too much rice. What solutions for this paradox? Prof. Dr. Vo Tong Xuan: To earn high profit from rice, we need to change the way we produce rice, the product that affects the lives of nearly 80% of the population. First of all, we must take initiative in the … [Read more...] about Rice export: Vietnam needs to develop high-tech agriculture
Rice export price lowest in the world
The Hanoitimes - Vietnam's rice prices are always the lowest compared with products from other countries. Importers do not pay high rates for Vietnamese rice because of its unreliable quality. Truong Thanh Phong, General Director of the Southern Food Corporation (Vinafood 2) and Chair of the Vietnam Food Association, has told the press many times that Vietnam has advantages in white rice, so it should focus on developing this product. Vietnam, he argues, should not try to export scented rice, because it cannot compete with Thailand's. The international rice market has grown busier since word spread that the the Philippines must import more than two million tons. Meanwhile, Indonesia may cancel plans to export two million tons of rice if their drought continues. These are the reasons why many international brokers are ready to pay $320-350 per ton for three percent broken rice (a high-quality Vietnamese rice). Thailand, with multiple domestic uncertainties, cannot control the … [Read more...] about Rice export price lowest in the world
Is Vietnam’s position as second largest rice exporter threatened?
VietNamNet Bridge - Vietnam has been warned that it would be outstripped by Thailand and Cambodia in rice exports if it cannot change the current production and export policies. The Vietnamese Counsellor in China has warned about the so called ‘Cambodia phenomenon’. The country has just begun exporting rice to China recently, but it has gained very high export growth rate. Cambodia exported 116,000 tons of rice to the market in 2015, an increase of 138 percent compared to 2014. Some other experts have also said that Cambodia has become a strong rival of Vietnam m Meanwhile, the threat from Thailand seems to be worse as the country plans to apply a new rice strategy, while it considers diverting Loei, a branch of Mekong River, to bring water to agricultural areas in the country’s northeastern part. Vietnam has been warned that it would be outstripped by Thailand and Cambodia in rice exports if it cannot change the current production and export policies. … [Read more...] about Is Vietnam’s position as second largest rice exporter threatened?
Vietnam expects record rice exports despite price drop
The country shipped 3.8 million tonnes of rice in the first half of this year, earning 1.8 billion USD, a year-on-year increases of 57 percent and 25 percent in terms of volume and value, respectively. By the end of June, domestic rice businesses will have contracted to export more than 5 million tonnes of rice, according to the Vietnam Food Association. Economists forecast a decline in prices on the world rice market late this year and early next year. Rice prices on the world market soared in mid 2008, then lessened and only lightly increased in the early part of this year, expert Nguyen Dinh Bich from the Trade Research Institute reported at a workshop on prospects for Vietnam's rice market in Hanoi on July 21. Additionally, supply will sharply increase from the rice harvest later this year while demand from importing countries will decrease, forcing rice prices down through early 2010, he said. However, the expert said that world rice prices depend on elements such as weather, … [Read more...] about Vietnam expects record rice exports despite price drop