Struggling to find the position of Vietnamese rice
Rice
Vietnam
Published May 25, 2022
Tridge summary
Fierce competition Ms. Tran Le Dung, First Secretary in charge of the Vietnam Trade Office in Malaysia, said that Malaysia does not have good soil conditions to grow rice, agriculture focuses on planting oil palm and rubber trees; rice self-sufficiency can only meet about 60% of domestic demand. Therefore, every year Malaysia has to import (from 900,000 to 1 million tons of rice) to meet domestic demand and reserve. The country imports long white rice, which is widely grown in Vietnam.
Original content
However, it is not easy for Vietnamese enterprises to export rice to this country's market. The Malaysian government assigns Padiberasnasional Berhad Group (Bernas Berhad) to be the exclusive enterprise that imports most of the long white rice to supply to the Malaysian people. Therefore, Vietnamese export companies that want to export rice here must sign a contract with Bernas Berhad. Currently, Southern Food Corporation is signing a contract to supply 700,000 tons of long white rice in 2022 to this unit. However, we only supply raw rice for export, and when supplying to the market, it must be packaged into Bernas Berhad's branded products. Moreover, the rate of rice imports from Vietnam into the Malaysian market is also decreasing sharply, from 44% of Malaysia's rice import turnover (in 2019) to 41.2% (in 2020) and 23.2% (in 2020). year 2021). By the end of the first quarter of 2022, the amount of rice exported from Vietnam to the Malaysian market has not been able to recover ...
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