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At the same time, Vietnam's rice exports are gaining deeper access to high-priced high-quality markets
.
According to the Ministry of Agriculture and Rural Development, in 2022, rice exports reached 7 million tons, with an export value of about US$3.
5 billion
.
In terms of prices, Vietnam's rice export average in November 2022 is expected to reach US$493/tonne, up 3.
1%
from October 2022.
In the first 11 months of 2022, the average export price of rice reached US$485/mt
.
5 billion
.
In terms of prices, Vietnam's rice export average in November 2022 is expected to reach US$493/tonne, up 3.
1%
from October 2022.
In the first 11 months of 2022, the average export price of rice reached US$485/mt
.
In terms of markets, in addition to traditional markets such as the Philippines (Vietnam consumes the largest amount of rice, accounting for 44.
9% and 42.
9% of Vietnam's total rice exports and exports, respectively), and the Chinese market (which accounts for more than 12% of Vietnam's total rice exports and exports), Vietnamese rice is also promoted to other potential markets, such as to the parties to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union
.
9% and 42.
9% of Vietnam's total rice exports and exports, respectively), and the Chinese market (which accounts for more than 12% of Vietnam's total rice exports and exports), Vietnamese rice is also promoted to other potential markets, such as to the parties to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the European Union
.
This is a great effort in rice exports, as there will be a lot of volatility in the export market in 2022; At the same time, rising prices for inputs are making rice production and export activities difficult
.
Therefore, in the first few months of 2022, Vietnamese rice export prices showed a downward trend, and only began to rise
in the third quarter of 2022.
.
Therefore, in the first few months of 2022, Vietnamese rice export prices showed a downward trend, and only began to rise
in the third quarter of 2022.
Fan Taiping, general manager of Zhongan High-Tech Agricultural Joint Stock Company, said that in 2022, Zhongan will focus on exporting fragrant rice and specialty rice
to high-quality markets.
Especially in the European market, the average export price of Chungan rice in 2022 reached around US$650/tonne, especially ST24 and ST25 rice prices exceeded US$1,000/tonne
.
Currently, the company is focusing on all orders in 2022 in preparation for
new orders in the first quarter of 2023.
to high-quality markets.
Especially in the European market, the average export price of Chungan rice in 2022 reached around US$650/tonne, especially ST24 and ST25 rice prices exceeded US$1,000/tonne
.
Currently, the company is focusing on all orders in 2022 in preparation for
new orders in the first quarter of 2023.
A number of Vietnamese rice processing and export enterprises said that the world's demand for rice is very large at present, and it will increase
in the future.
This is partly because drought has severely affected agricultural production in many countries, forcing them to import rice for storage
.
At the same time, the Jiulongjiang Delta of the National Barn remains stable in productivity and output, creating a rich source of
rice for export.
Rice prices are also expected to continue to rise in the first quarter of 2023 due to
high demand for rice imports in some countries.
in the future.
This is partly because drought has severely affected agricultural production in many countries, forcing them to import rice for storage
.
At the same time, the Jiulongjiang Delta of the National Barn remains stable in productivity and output, creating a rich source of
rice for export.
Rice prices are also expected to continue to rise in the first quarter of 2023 due to
high demand for rice imports in some countries.
In addition to key traditional markets in 2022 such as the Philippines, China and Côte d'Ivoire, there are still many opportunities for Vietnamese rice to increase exports to other potential markets, especially by leveraging the advantages of
free trade agreements such as the Vietnam-EU Free Trade Agreement, the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
free trade agreements such as the Vietnam-EU Free Trade Agreement, the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
Le Thanh Hoa, deputy director of the Agricultural Products Processing and Market Development Bureau, said Vietnam produces 43 million to 44 million tons of rice a year, equivalent to 22 million to 23 million tons of rice
.
Against the backdrop of inflation and economic instability in many countries around the world, Vietnam is one of
the few countries where rice exports still maintain their growth momentum.
.
Against the backdrop of inflation and economic instability in many countries around the world, Vietnam is one of
the few countries where rice exports still maintain their growth momentum.
In the future, rice processing and exporting companies will need to pay special attention to the Chinese market, especially in the context
of many major changes in China's import requirements (from phytosanitary regulations, packaging, labeling, traceability, growing area codes, etc.
).
At present, 22 Vietnamese enterprises are allowed to export rice
to China.
Vietnam also suggested that China increase the number of enterprises
approved to export white, fragrant and glutinous rice.
of many major changes in China's import requirements (from phytosanitary regulations, packaging, labeling, traceability, growing area codes, etc.
).
At present, 22 Vietnamese enterprises are allowed to export rice
to China.
Vietnam also suggested that China increase the number of enterprises
approved to export white, fragrant and glutinous rice.
In addition to China, the EU and the UK are two important markets with great potential, so exporters need to maintain close contact with sourcing and processing to meet certifications, technical standards, product quality to enhance the value
of rice exports.
(End)
of rice exports.
(End)
