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 exports: Vietnam’s low-price advantage won’t help
VietNamNet Bridge - Despite difficulties, Vietnam’s rice exports have remained stable over the last few years thanks to low prices. However, this advantage may not help in the future as the world market has seen major changes. According to VFA, Vietnam exported nearly 500,000 tons of rice in January 2016, an increase of 56 percent in quantity and 46 percent in value. The increase was explained by higher demand from the Philippines and Indonesia which had a serious drought and needed to buy rice for stockpile. However, big challenges were ahead. Rice production has suffered from saltwater intrusion in the Mekong River Delta, Vietnam’s largest rice granary. In the world market, Vietnam has to compete fiercely with other rice exporters such as Thailand, India and Pakistan and emerging countries such as Cambodia and Myanmar. Vietnam has strong advantages in high-quality long-grain white rice, which accounts for 27 percent of total exports, and fragrant rice, which … [Read more...] about Rice exports: Vietnam’s low-price advantage won’t help
Vietnam faces stiff rice export challenges
Despite the government's support to increase rice reserves and positive signs from some importers, Vietnam, the second biggest rice exporter in the world, will still find it hard to boost shipments in the remaining months of this year because of fierce competition from other countries. Pham Quang Dieu, director of the AgroMonitor, a company specializing in agricultural product markets and analysis, said: "Higher rice supply of main exporters like Thailand and India will create bigger pressures on Vietnam's rice exports this year." With its bumper harvests in recent years and choc-a-block warehouses, India is now boosting exports to cut surplus stock. India produced a record 103 million tons of rice in the 2011-2012 crop year that ended in June, a jump of about 8 percent from the previous year. The country's rice in stock was estimated at 32-33 million tons early last month against the targeted 12 million tons. Meanwhile, rice stocks held by Thailand have increased to a record … [Read more...] about Vietnam faces stiff rice export challenges
Rice export: Vietnam needs to wait or take actions to grab opportunities?
â Thailand has been âholding out.â India and Pakistan has been actively negotiating with partners to boost exports. What should Vietnam do: keeping waiting or taking actions to grab the opportunities? The world and the domestic rice markets both have been fluctuating when big rice importers in the world have placed orders with Indian and Pakistani exporters instead of the Vietnamese, and Thai because Indian and Pakistani exporters offer lower prices. Meanwhile, the plan by the Thai government to buy rice from farmers at high prices implemented since October 7 has been meeting a lot of difficulties due to the worst flood in the last 50 years. As a result, the worldâs rice price has not increased as expected by other big rice exporters, including Vietnam. Vietnam: keep waiting or âjumpâ? Rice experts once predicted that the Thai governmentâs policy to intervene the domestic rice market would push the rice export price to 700-850 dollars per ton. However, the … [Read more...] about Rice export: Vietnam needs to wait or take actions to grab opportunities?