vietnam rice export
Although the Vietnamese rice industry has set itself an ambitious export target for 2021, domestic rice farmers and suppliers remain cautious amid the ongoing health crisis and complications in international trade.
The year 2020 has been a challenging year for many business fields, but not for rice production and exports. Vietnam has surpassed India and Thailand in terms of rice export price.
The first batch of fragrant rice would be shipped to the EU under the EU-Vietnam Free Trade Agreement (EVFTA) by the end of this month, according to the Ministry of Agriculture and Rural Development.
With a bumper crop and good export prices, Vietnam’s rice export volume and turnover have exceeded Thailand’s, making the former the second largest exporter amid the Covid-19 crisis.
South Korea will provide 5 billion won (USD4.5 million) to help improve the rice quality in Vietnam’s Red River delta region.