Vietnam: Many signals open to rice exports in the second half of the year

Published 2022년 6월 20일

Tridge summary

Due to a decrease in wheat production and high prices, many countries are seeking alternative sources, with rice becoming a suitable replacement. This situation is advantageous for Vietnamese rice exports, especially with the increase in high-quality rice production areas. In the first five months of 2022, rice exports reached nearly 2.77 million tons, valued at over 1.35 billion USD. The EU-Vietnam Free Trade Agreement (EVFTA) is expected to further boost Vietnamese rice exports to the EU, with businesses already using up the quotas granted by the Agreement. However, the main challenge lies in ensuring that fragrant rice exported to the EU is certified correctly to enjoy preferential treatment, requiring businesses to have a cultivation area that ensures the correct variety and quality.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The decrease in wheat production and high prices forced many countries to find alternative sources. Rice is a very suitable product to replace, the price is also good. The area of high quality rice production is increasing day by day. Illustration: VNA Many countries around the world have restricted the export of food and food products to ensure food security. According to experts and businesses, in the face of difficulties in the world's supply of wheat, rice - a staple food in most of Asia will increase sharply in the coming time. This is also an advantage for Vietnamese rice exports. Ms. Vu Thi Hue, Head of Import-Export Sales Department, Ocean Green Import-Export Co., Ltd, said that because of the decrease in wheat output and high prices, many countries have to find alternative sources. Rice is a very suitable product to replace, the price is also good. Rice exports will be better and prices will also be better in the near future. According to preliminary statistics of the ...
Source: Cuctrongtrot

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