Vietnam's ST25 rice has the ability to beat Thai rice in Poland

Published 2021년 6월 1일

Tridge summary

Poland has a high demand for Vietnamese agricultural products such as rice, pangasius, basa fish, shrimp, mango, pineapple, passion fruit, coffee, and cashews. However, the quota of Vietnamese rice in the EU under the Vietnam - European Union Free Trade Agreement (EVFTA) is only 80,000 tons, which is much lower than the average annual demand of 2.3 million tons of EU countries and the UK. The EVFTA Agreement will bring many positive impacts to the Vietnamese economy and will significantly reduce import taxes on Vietnamese exports to the EU, providing Vietnamese agricultural products with a higher level of competitiveness in the EU market.

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

Original content

According to Mr. Nguyen Thanh Hai, Counselor, Vietnam Trade Office in Poland, Poland currently has a great demand for products belonging to Vietnam's export strengths such as rice, pangasius, basa fish, shrimp, mango products, etc. pineapple, passion fruit, coffee, cashews… In particular, rice products, especially ST24 and ST25 rice, are able to compete with Thai rice in terms of quality and price. Calculations show that the current CIF price (price includes freight + insurance + freight) of these rice products from Vietnam to European countries is 2-3% lower than that of Thai rice. including import tax. Meanwhile, Vietnamese rice entering the EU only accounts for 6%, but Thai and Cambodian rice has a much higher proportion. “Thus, Vietnam's quota of 80,000 tons into the EU under the commitments of the Vietnam - European Union Free Trade Agreement (EVFTA) is a very small volume compared to the average import demand of 2.3. million tons/year of EU countries and the UK", Mr. ...

Source: Vinanet