Tag: rice

This is the third time Vietnam’s Ong Cua ST25 has claimed the prestigious title, following previous wins in 2019 and 2023.

The country exported nearly 5.9 million tons of rice by then this year.

The result would help to consolidate its position as the world’s second-largest rice exporter.

Total unmilled rice output projected at 43.14 million tons this year.

The Philippines is the biggest rice export market of Vietnam.

Deputy PM calls for cooperation between government, localities, and enterprises.

Vietnamese rice accounts for over 80 per cent of the Philippines’ total rice imports.

International Rice Festival to take place in Mekong Delta province from December 11 to 15.

ST25 fragrant rice wins international award.

Project to be implemented in Can Tho city and 11 provinces in the Mekong Delta.

Complex developments in the global food market are affecting rice production and trade.

Country imported 1.5 million tons of rice from Vietnam in first five months, up 31.1% year-on-year.

Rice development strategy approved by the government.

Banks and credit institutions to focus on assisting rice exports.

The agricultural sector performed quite well in October, with livestock production developing stably and the production of timber from planted forests increasing, while the harvest of the winter rice crop was slower than in other years. The General Statistics Office reported that, as of mid-October, Vietnam had harvested 893,100 ha of winter rice, or 57.4 per cent of the cultivation area and equal to 87.9 per cent of last year’s winter harvest. In the forestry sector, the newly-concentrated planted forest area was estimated at 33,300 ha in October, up 5.3 per cent year-on-year. Aquatic production in October was estimated at 815,900 tons, up 2.5 per cent year-on-year.

Seven major domestic and foreign banks signed a credit agreement of $100 million with the Loc Troi Group on October 24, to be implemented over three years. Loc Troi will use the funds to promote high-quality rice production and ensure orders are fulfilled.

According to the Vietnam Trade Office in Japan, Japanese people are looking to buy Vietnamese rice, especially ST25 rice, which was rated the world’s best in 2019, to enrich their diets. But penetrating into the Japanese market will be problematic as there are no preferences for rice imported from the country.

Vietnam exported 3.5 million tons of rice worth $1.7 billion in the first half of 2022, according to the Ministry of Agriculture and Rural Development, up 16.2 per cent in volume and 4.6 per cent in value over the same period of 2021. Growth came from high demand in markets such as China, Bangladesh, Iran, and Sri Lanka.

Factors come together to dent one of Vietnam’s major export commodities.

Rice businesses have faced a range of difficulties in harvesting, distribution, processing, and exporting rice because of the pandemic. State Bank of Vietnam Deputy Governor Dao Minh Tu has asked banks to continue to meet capital needs in the industry, offering reasonable terms and interest rates and, especially, loans without collateral.