He said that the Ministry of Agriculture and Rural Development (MARD) projectes the country’s rice export volume at more than 4.3 million tonnes in the first half of 2024. However, in April alone, the figure is likely to top 3 million tonnes in the first four months of this year, and the result in the first six months of this year can surpass the MARD’s projection, he held.

Le Thanh Hoa, Vice Director of the MARD’s Department of Quality, Processing, and Market Development, said due to El Nino phenomenon and climate change impact, the global rice output in the 2023-2024 crop is forecast to drop to nearly 518 tonnes, while the consumption demand is 525 million tonnes, which means the world will face a shortage of about 7 million tonnes of the grain this year.

This is a good opportunity for rice exporters, including Vietnam, he said, adding that the country can supply 8.13 million tonnes to the world this year while ensuring domestic food security at the same time.

The total volume of rice for export in the Mekong Delta, the country's biggest production hub of the grain, in 2024 is estimated to reach about 7.6 million tonnes, the official noted.

However, Hoa held that Vietnam still faces many challenges in rice export this year, including the dependence on certain traditional markets and a lack of adequate efforts in market development.

Deputy Minister of Industry and Trade Phan Thi Hang asked relevant agencies and localities as well as the Vietnam Food Association to join hands with rice export businesses in ensuring national food security in all circumstances, stabilising the domestic market and promoting exports at the same time.

She stressed the need to foster coordination between businesses and rice farmers to ensure stable supply and quality of rice, affirming the trademark of Vietnamese rice in the world market.

The official also underlined the need for the active negotiation and signing of agreements on plant quarantine and technical regulations on paddy and rice quality to create favourable conditions for Vietnamese rice exporting enterprises.

As of the end of the first quarter of 2024, Vietnam shipped abroad 2.18 million tonnes of rice for 1.43 billion USD, up 17.6% in volume and 45.5% in value thanks to 23.6% rise in price over the same period last year.

Vietnam wins bid to export 300,000 tons of rice to Indonesia

Seven Vietnamese firms have won a bid to export 300,000 tons of rice to Indonesia, or more than half the volume that country’s plans to import in January.

Public-private partnership highlighted in high-quality rice production project

Effective public-private partnership and support from partners are key to the success of the project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030, Minister of Agriculture and Rural Development Le Minh Hoan said at a talk on January 30.

Rice exports soar to record 8.3 million tonnes

Vietnam’s rice production in 2023 stood at 43.5 million tonnes, an increase of 1.9%, adequately meeting domestic consumption, processing, animal feed production, and exports, which set a record of nearly 8.3 million tonnes.

Rice exports reach record high

Vietnam's rice exports soared to 8.13 million tons, valued at US$4.7 billion in 2023, setting a new national record, as per the General Department of Customs.

Source: VNA