Vietnam: ST25 rice exports in the first quarter of 2021 increased by 375 times, exceeding the figure of the whole of 2020

Published 2021년 4월 20일

Tridge summary

In the first quarter of 2021, Vietnam witnessed a significant surge in the export of ST25 rice, with a volume of nearly 1,900 tons, a 375-fold increase from the same period in the previous year. The export earnings for ST25 rice during this time reached $1.7 million, marking a 25% increase compared to the entire year of 2020. The US accounted for approximately 98% of these exports, with other countries like Macau, Germany, and Brazil making up the rest. This increase in exports is attributed to an improving supply of ST25 rice and persistent demand in the market. Despite facing pressure to rapidly increase production after winning the best rice competition in 2019, Ho Quang Cua, the father of ST25 rice, stressed the importance of sustainable and quality production. The Ministry of Agriculture and Rural Development is currently considering policies to boost ST25 rice production, while also addressing the challenges of tariff exclusions and multiplication difficulties. The demand for ST25 rice remains high both domestically and internationally, despite the drop in overall rice exports in the first quarter of 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Export of rice ST25 in the first quarter of 2021 was higher than that of 2020 According to our own source, ST25 rice exports in the first quarter of 2021 increased sharply compared to the same period last year. Accordingly, the export volume reached nearly 1,900 tons, 375 times more than the same period last year with a modest figure of only 5 tons. Even with the volume of nearly 1,900 tons, the ST25 rice export volume of the first quarter of 2021 is more than 1,200 tons. ST25 rice export turnover in the first quarter reached 1.7 million USD, up 25% compared to the whole year 2020. Export price of ST25 rice in the first quarter of 2021 reached the lowest of 770 USD / ton and the highest of over 1,000 USD / ton. In the first quarter of 2021, ST25 rice was mainly exported to the US market with a proportion of about 98%. The remaining markets also import ST25 rice such as Macau, Germany and Brazil but with small quantities of only 1-25 tons. In 2020, the US is also the main consumer ...
Source: Vietnambiz

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