Vietnamese rice is thriving compared to Thailand and India

Published 2024년 1월 10일

Tridge summary

Vietnamese rice prices are expected to remain high in 2024 due to the introduction of new rice varieties. The country's rice industry is looking to take advantage of market opportunities and increase production in order to meet growing global demand. Long-term solutions for Vietnam's rice industry include improved rice varieties, developing high-quality rice fields, and establishing contracts between farmers and businesses to reduce market competition and ensure sustainable growth.

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

Original content

"Rice prices in 2024 will continue to be high" At the seminar "Long-term solutions for rice exports" on January 9, Vietnamese agricultural expert Prof. Vo Tong Xuan recalled the event that ST25 rice was first introduced into the world. received the world's best rice award in 2019 in the Philippines, at which time he affirmed that Vietnamese rice is not inferior to Thai rice. "Vietnam's history of rice production dates back to 1860 and has exported rice but mainly worked with traders in the region, not exporting directly. Up to now, there are more traders from Europe, France, Belgium, the Netherlands, Hong Kong, Macau... they divide exported rice into two types. One is Thai fragrant, long-grain rice; and the other is white rice, delicious. Vietnam's white rice is exported. about 250 - 300 USD (per ton); while Thai fragrant rice costs 800 - 900 USD. Because they know that Thailand produces rice only once a year, which is seasonal rice, the yield is not high, so they have to buy it ...

Source: Vietstock