Vietnam knock Thailand from the top position for jasmine rice

Published 2021년 1월 21일

Tridge summary

Thailand is facing a disadvantage in the fragrant rice market as Vietnam has developed a new variety, ST25, with a lower price and higher yield than Thai jasmine rice, making it a formidable competitor. Vietnam has a strategy to develop rice strains for export, reducing costs and increasing quality, yield, and income. In 2020, Thai rice exports were at their lowest in 20 years, but there is still hope for increasing exports in 2021 with positive factors and a good rainy season.

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

Original content

Past to present, Ministry of Agriculture and Cooperatives The Department of Agriculture and the Department of Rice have certified rice varieties for farmers to grow a total of 255 varieties, but that the private sector can compete for export, there are only ten varieties. The protagonists are jasmine rice, 5% and 25% rice, and glutinous rice, etc., while Vietnam's main competitor is actively developing rice varieties for export. Aimed at the soft rice or fragrant rice that sells high prices. By setting the price lower than Thai Hom Mali Rice In the future, Thailand tends to lose the fragrant rice market to Vietnam more and more. ST25 is a global market. Honorary President Chukiat Opaswong Thai Rice Exporters Association revealed to the "economic base" that Recently, Vietnam has developed a new fragrant rice variety, “ST25” and this variety has been awarded in the Best Rice in the World competition at the 2019 World Rice Conference in the Philippines. (Which has started promoting ...

Source: Ththansettakij