The Rising Demand for Specialty Rice Varieties Leads to Increased Trade Basmati rice is one of the best types of rice in the world, known for its sleek, slender, tapering grains with a unique aroma, taste, and grain elongation quality upon cooking. Exports of the premium variety from India have an 85% share in the Basmati exports market. Prices of Thai white rice 5 per cent broken, an Asian export benchmark, hit US$510 a tonne in March, the highest since 2013, because of drought and increased buying from importers, but they China's score soared by 34% over twenty years. Only in a few places has it fallen. Thailand is a big rice exporter, for example, while America is the world's largest exporter of financial 2 - Preparing Land for Planting. There are a few processes which are required to prepare the land before planting the rice seeds. The main aim of preparing the land is to get the best out of the soil and to be able to level out the land. Initially you will want to till the planting area which you can do with use of hand tools or machinery. This is despite global rice supplies being high." 10-year outlook "We project global rice production will surpass global rice consumption for most of the coming decade, with a small deficit developing by the end of the projected period," Durand-Morat said. Durand-Morat expects rice production to grow despite a decline in rice acres by India was the largest exporter of rice in 2015-16 followed by Thailand and Vietnam and Pakistan It may be due to decrease in the unit price to Rs. 17.59 thousand per Tons in 2015-16 from Rs. 18.05 thousand per Tons in 2014-15. Lists of Importers, trade leads, presentations on world rice trade during the past years; Market Scenario OMyPU. The latest forecast has recently been released as part of the USDA’s May 2021 Report about the Global Rice Outlook for 2022. The report details that the global rice output in the 2021 - 2022 crop will hit a record high of million tonnes of milled rice, an increase of million tonnes compared to the 2020 - 2021 crop. Most notably, Bangladesh, Malaysia, Cambodia, China, the Ivory Coast, the Republic of Korea, Paraguay, Taiwan China, and Thailand will all witness rises in their respective rice output. In contrast, Colombia, Ecuador, India, Iraq, Madagascar, the Philippines, Sri Lanka, the US, and Vietnam are all projected to record a lower output. After two consecutive years of maintaining its position as the world’s second largest rice exporter, Vietnam will rank third in terms of global rice exports next year, behind India and Thailand. In line with the rice industry restructuring scheme until 2025, Vietnam is aiming to export approximately five million tonnes annually. This decrease is attributed to the local rice industry’s shifting from quantity to quality, with a specific focus on improving the value and brand of Vietnamese rice among in international market. Rice exporters have gradually begun to shift their proportion of white rice varieties to high-quality fragrant rice, while simultaneously focusing on high-end markets such as the EU, the US, and Japan. Nguyen Van Thanh, director of Phuoc Thanh IV Trading and Production Co., Ltd, says his firm has recently turned to exporting fragrant and high-quality rice, adding that along with traditional Asian markets, the company has is seeking to reap benefits from the EU-Vietnam Free Trade Agreement - EU EVFTA. Similarly, Pham Thai Binh, general director of Trung An High-Tech Agriculture Joint Stock Company, reveals that since the beginning of the year, the firm has continuously won bids to ship rice to Asian countries and the EU. Binh added that Trung An rice is now being traded at the relatively high level of over US$ per tonne. Source VOV Firms to get help to expand rice export markets The Ministry of Agriculture and Rural Development reported the volume of rice exported reached 450,000 tonnes with a value of US$246 million last month. It needs objective remarks for rice export decline There are different remarks over the good harvest and export prices of rice in the Mekong Delta but the strong decline in rice export volume. Adds market details, commentHANOI, May 27 Reuters - Vietnam aims to cut its rice exports to 4 million tonnes a year by 2030, the government said in a document detailing its rice export strategy, down from million tonnes last is the world’s third-largest rice exporter, after India and move is aimed at “boosting the exports of high-quality rice, ensuring domestic food security, protecting the environment and adapting to climate change,” according to the government document, dated May 26 and reviewed by export revenue will fall to $ billion a year by 2030, down from $ billion in 2022, the document said.“Although Vietnam’s rice farming area is shrinking due to climate change and some farmers are switching to growing other crops and raising shrimp, the strategy appears to be too aggressive,” a rice trader based in Ho Chi Minh City said on trader said some rice farmers in the Mekong Delta are turning parts of their fields to fruit farms, growing mangoes, grapefruit, jackfruit and durian, but the vast majority remain dependant on trend toward cultivating shrimp has been taking place in the area for years as rising seawater triggered by climate change brings significantly increased salinisation in the Mekong Delta will diversify its rice export markets to reduce its reliance on any country, the government document said. The Philippines has long been Vietnam’s biggest rice buyer, accounting for 45% of its shipments last Prime Minister Pham Minh Chinh told Philippines President Ferdinand Marcos Jr at a regional meeting in Indonesia this month that Vietnam was willing to supply rice to the Philippines for the long term at reasonable 2025, 60% of Vietnamese rice exports will be shipped to Asian markets, 22% to Africa, 7% to American markets, 4% to the Middle East and 3% to Europe, the document said. By 2030, Asian markets will account for 55% and Europe 5%.“Vietnam will seek to boost rice shipments to markets that have high demand for quality grains and markets that Vietnam has signed free trade agreements with,” the document document said Vietnam will also seek to cut residues of plant protection products including pesticides in its Vietnam Food Association, which represents rice processors and exporters, did not immediately respond to requests for government said Vietnam will focus on the production of high-quality, fragrant and glutinous rice, while reducing the production of low-quality grains to 15% of total output by 2025 and to 10% by 2030.“I doubt the strategy will materialise, as rice production depends on supply and demand, not on a government decision,” another rice trader in the Mekong Delta province of An Giang exports from Vietnam in the first four months of this year rose from a year earlier to million tonnes, according to government customs by Khanh Vu; Editing by Tom Hogue, Kim Coghill and Gerry Doylefor-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up Finance Watchlists My Portfolio Markets Options Highest Open Interest Options Highest Implied Volatility News Videos Yahoo Finance Plus Screeners Personal Finance High-yield savings account rates Crypto Industries Contact Us markets open in 6 hours 46 minutesS&P Futures Dow Futures Nasdaq Futures Russell 2000 Futures Crude Oil 10-Yr Bond Bitcoin USD CMC Crypto 200 Nikkei 225 Vietnam Rice Industry Report 2022 Rice Exports are to Continue to Rise in Both Volume and Value to 2031DUBLIN, Aug. 9, 2022 /PRNewswire/ - The "Research Report on Vietnam's Rice Industry 2022-2031" report has been added to is rich in rice, tropical crops and aquatic products and is a major exporter of agricultural products in Southeast Asia, and the third largest exporter of rice in the world. According to the analyst's analysis, Vietnam's rice export value reached billion in 2021, and rice has become a bright spot in Vietnam's agricultural products exports. This is a remarkable achievement of the rice industry for many years, especially in the context of natural disasters and COVID-19 epidemic that hit Vietnam's agriculture in 2020 in terms of production and 2021, Vietnam's total rice production was about 44 million tons, meeting the demand for domestic consumption, processing, poultry and livestock feed, and export, etc. In 2020, its rice exports grew against the backdrop of a decline in exports of many of Vietnam's long-dominant agricultural products due to the COVID-19 epidemic. In 2021, rice exports increased from million tons to million terms of price, the average price of Vietnam's rice exports in 2021 dropped percent year on year to $477 per ton. At the beginning of 2021, Vietnamese rice prices still maintained the highest position. On March 25th, Vietnamese rice with a 5% breakage rate rose to $515-520 per ton, Thai rice of the same variety to $500-518 per ton and Indian rice to $398-403. In January 2021, Vietnam's rice export price reached $ per the EU-Vietnam Free Trade Agreement EVFTA came into force on August 1, 2020, rice exports have rapidly seen an upturn. According to EVFTA, the EU provides Vietnam with 80,000 tons of rice for export at 0% tax rate annually including 30,000 tons of milled rice, 20,000 tons of unmilled rice and 30,000 tons of aromatic rice.For rice from Vietnam, the EU will reduce the import duty rate to zero in the coming years. Taking advantage of the above, from September 2020, Vietnam started to sell rice to the EU at a much higher price than before. Specifically, before EVFTA came into effect, the prices of ST20 rice and Jasmine rice exported to the EU were USD800 and USD520 per ton, respectively, while now the prices are over USD1,000 and USD600, to the analyst's analysis, there are three reasons for the rise in Vietnam's rice prices. Firstly, the government issued an agricultural restructuring proposal, by which the rice structure has been strongly adjusted, changing the rice cultivation protocols, paying more attention to improving rice quality rather than increasing 2015, Vietnam's quality rice seeds accounted for only 35%-40% of the total seeds, while in 2020 the Chart reached 75%-80%, and even in some places, the usage rate of quality rice seeds is as high as 90%.Secondly, Vietnam has signed many FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership CPTPP and the Europe-Vietnam Free Trade Agreement EVFTA with many countries, which creates conditions for a breakthrough in Vietnam's rice exports. Third, many industries were affected by the COVID-19 epidemic in 2020, but the market demand for food has not to the analyst's analysis, the Jiulong River Plain is the center of rice cultivation in Vietnam, contributing 50% of rice production and 95% of rice exports to Vietnam's 2020, the Jiulong River Plain cultivated more than million hectares of rice per season, with an average yield of 6 tons per hectare and an annual rice production of more than 24 million tons. Furthermore, its winter-spring rice production is expected to reach 10 million tons from 2020 to analyst reports that Vietnam's rice exports are to continue to rise in both volume and value in coveredOverview of Vietnam's Rice IndustryEconomic and Policy Environment of Vietnam's Rice IndustryWhat is the Impact of COVID-19 on Vietnam's Rice Industry?Imports volumes and values of Vietnam's Rice, 2016-2021Forecast on Imports volumes and values of Vietnam's Rice, 2022-2031Analysis of Major Rice Companies in VietnamKey Drivers and Market Opportunities in Vietnam's Rice IndustryWhat are the key drivers, challenges, and opportunities for the rice industry in Vietnam during 2022-2031?What is the expected revenue of the Vietnam rice market during 2022-2031?What are the strategies adopted by the key players in the market to increase their market share in the industry?Which segment of Vietnam's rice market is expected to dominate the market in 2031?What are the major adverse factors facing the rice industry in Vietnam?Key Topics Covered 1 Overview of Geographical Demographic Structure of Economy of Minimum Wage in Vietnam, Impact of COVID-19 on the Rice Industry in Vietnam2 Development Environment of Vietnam's Rice Brief History of Vietnam's Rice Types of Vietnam's Rice Policy Environment of Vietnam's Rice Industry3 Supply and Demand Situation of Vietnam's Rice Supply Demand Situation4 Import and Export Situation of Vietnam's Rice Import Import Volume and Import Main Import Export Export Volume and Main Export Destinations5 Market Competition in Vietnam's Rice Barriers to Entry in Vietnam's Rice Brand Quality Capital Competitive Structure of Vietnam's Rice Bargaining Power of Rice Bargaining Power of Competition in Vietnam's Rice Potential Entrants in the Rice Substitutes for Rice6 Analysis of Major Rice Brand Companies in Vilaconic Joint Stock Development History of Vilaconic Joint Stock Main Products of Vilaconic Joint Stock Operating Model of Vilaconic Joint Stock Vu Phat International Co., Cam Nguyen Rice Trading And Processing Limited Khanh Tam Company Hoa Lua Rice Trading Company SUNRISE INS Company Khue Star Import Export Trading Company Robert & Partners International Hanfimex Gia Son Phat Trading and Service Outlook on Vietnam's Rice Industry, Analysis of Vietnam's Rice Industry Development Drivers and Development Opportunities for Vietnam's Rice Threats and Challenges Facing Vietnam's Rice Forecast on Vietnam's Rice Forecast on Vietnam's Rice Market Forecast on Import and Export of Vietnam's Rice IndustryFor more information about this report visit ContactResearch and MarketsLaura Wood, Senior Managerpress Office Hours Call +1-917-300-0470For Toll Free Call +1-800-526-8630For GMT Office Hours Call + Fax 646-607-1907Fax outside +353-1-481-1716Logo original content Research and Markets Illustrative image Photo Hanoi VNA – Vietnam’s rice export this year is expected to benefit from many favourable conditions, including high global demand, to reach 7 million tonnes, according to the Cong Thuong Industry & Trade newspaper. The January report by the US Department of Agriculture forecast the global rice trade in 2023 will decrease about 4% from last year. Large rice exporters are predicted to witness declines, including Argentina, Brazil, Cambodia, China, the EU, India, Laos, Malaysia, Pakistan, Paraguay, Russia, Senegal, Tanzania, Turkey, Uruguay, and the US. Among them, India and Pakistan may see the sharpest falls, down by some million tonnes in total, due to lower output and domestic market stabilisation policies. Climate change impacts and drought in the US, Europe, and China are posing a risk of supply shortages, the Foreign Trade Agency under the Ministry of Industry and Trade told a recent conference on rice export. Aside from rising global demand, improved quality has also boosted importing countries’ demand for Vietnamese rice, the agency noted, expecting an export volume of - 7 million tonnes in 2023. Import demand in traditional markets like the Philippines and Africa will stay stable in the first half of this year as they are increasing food stockpiles, according to Chairman of the Vietnam Food Association Nguyen Ngoc Nam. Nguyen Viet Anh, Director General of the Phuong Dong food company, said businesses are now highly optimistic, and that since 2019, the sector has no longer needed support to sell out the grain, but sometimes even run out of rice to meet demand. Last year, Vietnam exported nearly million tonnes of rice, gaining billion USD./. published 30 Aug 2022 at 1416 A farmer prepares to burn rice straws and grass after a harvest in a field in Hanoi on Aug 4, 2022. AFP file photo HANOI Vietnam's rice exports are expected to rise to million tonnes this year from million tonnes last year on strong demand, the chairman of the country's food association said on Tuesday."So far this year, exports have risen strongly, and we expect to see the momentum continue for the rest of the year," Nguyen Ngoc Nam, chair of Vietnam Food Association, told Reuters. Vietnam, the world's third-largest rice exporter, reported a 19% year-on-year increase in its rice shipments in the first eight months this year, to million tonnes. Export prices of Vietnamese rice are also expected to rise during the coming months on higher production cost and because adverse weather conditions in several rice-growing countries hurt production, Nam said. "Production cost, especially fertiliser prices, has recently risen sharply amid global inflationary pressure," he said. "We are seeing severe droughts and floods in several countries, such as China, India and in some European countries, and this may affect global food supplies." The Philippines will remain Vietnam's largest rice export market this year, he said. Two sources said on Monday Bangladesh is finalising deals with Vietnam and India to import a total of 330,000 tonnes of rice for delivery within the next three months.

vietnam's rice export this year will decrease