Vietnam becomes the biggest rice supplier for Singapore

Published 2024년 4월 20일

Tridge summary

Vietnam has emerged as the leading rice exporter to Singapore, overtaking India and Thailand, with a 32.03% market share and exports worth 36.15 million SGD in the first quarter of the year, an 80.46% increase from the same period in 2023. This growth is largely attributed to a surge in the export of sticky rice, milled or peeled fragrant rice, and broken rice. The country's success is also due to the diversification of its rice products and India's recent export ban. Efforts by the Vietnam Trade Office in Singapore to boost the competitiveness and quality of Vietnamese rice, through exhibitions and a memorandum of understanding in rice trading with Singapore, aim to maintain and grow Vietnam's market dominance.

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

Original content

ABO/NDO- Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore. Vietnam was followed by Thailand with an export value of 33.63 million SGD, while India came third with 33.16 million SGD. The decline in export value of regular brown rice and white rice was offset by the strong increase of sticky rice, milled or peeled fragrant rice and broken rice with turnovers of 3.79 million SGD, 18.06 million SGD and 575,000 SGD, respectively. Particularly, besides Vietnam's traditional strong product of white rice, the turnovers of two other product groups - sticky rice and milled or peeled fragrant rice - also rose to dominate the majority of the market share in Singapore, reaching 80.08% and 73.33% ...

Source: Baoapbac