Maintaining domestic rice market stability in Vietnam

Published 2021년 1월 11일

Tridge summary

Vietnam has started importing 70,000 tonnes of 100% broken rice from India for January and February 2021, at a price of approximately $310 per tonne. This is due to a high domestic demand for this type of rice, which is used in flour and vermicelli processing. Despite this, Vietnam has a sufficient rice supply for domestic consumption, export, and livestock. The country is focusing on reducing the area for medium quality rice and increasing the area for fragrant and specialty rice varieties for both domestic use and export. The first quarter of 2021 is expected to see stable rice exports, with the EU-Vietnam Free Trade Agreement and other free trade agreements likely to have a positive impact on rice exports in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

ABO / NDO - Recent information about Vietnam importing rice from India has attracted attention from public opinion. Specifically, Indian food enterprises have signed contracts to export 70,000 tonnes of 100% broken rice to Vietnam for shipments in January and February 2021, at a price of about US $ 310 per tonne. This is the first time Indian rice has been exported to Vietnam, causing many people to worry about our country's lack of rice for domestic demand. However, according to representatives of authorised agencies and rice processing and export enterprises, it is completely normal for Vietnam to import 100% broken rice from India at this time. The reason being that the current demand for 100% broken rice in Vietnam is huge, serving flour and vermicelli processing, etc, while the domestic supply is quite scarce. This is also consistent with the process of restructuring Vietnam's rice industry in recent years. , Vietnam has a policy of reducing the area of medium quality rice, ...

Source: Baoapbac