Statistics from the Vietnam Trade Office in Singapore showed that export turnover of glutinous rice to the city-state rose more than five fold to 8.9 million SGD, broken rice shot up 187.3% to 1.5 million SGD, and milled or husked fragrant rice soared 161.35% to 27.27 million SGD.

Meanwhile, earnings from white rice witnessed a slight increase of 1.91% to 34.5 million SGD, while revenue from regular brown rice fell 51.2% to 102,000 SGD.

Vietnamese rivals, Thailand and India, sold some 70.73 million SDG and 58.41 million SGD worth of rice to the nation.

Singapore’s increasing rice import is attributable to India’s rice export ban, and the country’s tourism recovery. During the six-month span, it spent nearly 224.5 million SGD on rice purchase, up 13.62% year-on-year.

According to Vietnamese trade counseller Cao Xuan Thang, major competitors of Vietnam in the Singaporean market, namely Thailand, India and Japan, have paid due attention to enhancing their product images, while Vietnamese firms have had no large-scale promotion campaign.

He stressed that Vietnamese exporters must strive to improve their competitive edge as well as rice quality, given the strict management of the rice market by the Singaporean government.

The signing of agreements and commitments at the governmental level regarding rice supply will contribute to stabilising Vietnamese rice shipment to Singapore, he suggested.

In the first three months of this year, Vietnam for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD worth of rice, an increase of 80.46% over the same period in 2023.

Int’l rice research institute interested in Vietnam's 1-million-ha high-quality rice project

The International Rice Research Institute (IRRI) is interested in a project to develop one million hectares of high-quality, low-emission rice associated with green growth in Vietnam’s Mekong Delta, Director General Yvonne Pinto told Deputy Minister of Agriculture and Rural Development Tran Thanh Nam at their meeting in Can Tho city on June 6.

Rice to be granted to school children in extremely disadvantaged communes

The Ministry of Finance has issued a decision on granting rice from the national reserves to schoolchildren in extremely poor communes.

Vietnam to produce enough rice for 8 million tons exports

Vietnam is expected to produce 43 million tons of rice this year, enough to meet both the export demand of more than 8 million tons and domestic consumption.

Vietnam’s rice exports may exceed 2024 target

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).

Vietnam becomes biggest rice supplier for Singapore

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.

Source: VNA