Specifically, in the first half of this month (November 1-15), the whole country exported 332,214 tons of rice, turnover reached 219 million USD.

Overall, from the beginning of the year to November 15, the country exported 7.37 million tons of rice, with a turnover of 4.15 billion USD. This number has exceeded the rice export results of the whole year 2022 (the whole year 2022 reached 7.1 million tons, turnover reached 3.45 billion USD).

Rice exports continue to prosper

About the market (updated until the end of October), ASEAN region (mainly the Philippines, Indonesia, Singapore) and China are the two largest export markets.

Of which, exports to ASEAN reached 4.2 million tons, an increase of 25.7%; to the Chinese market reached 884 thousand tons, up 16.7% over the same period last year.

The amount of rice exported to the two markets mentioned above alone reached nearly 5.1 million tons, accounting for 72% of the country's rice exports at the same time.

Regarding export rice prices, according to the Vietnam Food Association (VFA), in the trading session on November 21, Vietnam's export price of 5% broken rice was adjusted up by 10 USD, to 663 USD/ton. . Thus, after half a month of "standing still", Vietnam's export rice price was suddenly adjusted to increase sharply.

Recently, the continuous increase in export rice prices has helped rice exports achieve positive results. In addition, the Ministry of Industry and Trade also promoted the implementation of trade promotion programs to promote the export of this product.

Specifically, implement Directive No. 24/CT-TTg dated August 5, 2023 of the Prime Minister on firmly ensuring national food security and promoting sustainable rice production and export during the period Currently, on August 15, 2023, the Ministry of Industry and Trade issued Directive No. 07/CT-BCT on strengthening market information, trade promotion, rice export market development and market stabilization. in the country during the current period.

Accordingly, the Minister of Industry and Trade assigned specific tasks to functional units under the Ministry of Industry and Trade, local Departments of Industry and Trade, Vietnam Food Association and rice export traders to promote the work. information, search and develop rice export markets, promote trade promotion, while ensuring the maintenance of circulating reserves, stabilizing the domestic market, promptly proposing solutions and reporting to the Ministry Industry and Trade.

In China, the trade delegation for Vietnamese rice products in this market is led by Mr. Tran Quoc Toan - Deputy Director of the Import-Export Department and the members are officers of the Import-Export Department and the Promotion Department. Commerce - Ministry of Industry and Trade and the participation of 19 rice export businesses have completed the working program in Beijing city from October 29, 2023 - October 31, 2023.

To consolidate and develop trade relations between the two countries in general and Vietnam - China rice trade in particular, especially for the Northern China market area, the Working Group proposed and achieved agreement. Support from state management agencies, associations and agricultural and food businesses, especially Chinese rice businesses, on strengthening trade support, establishing information exchange channels, and timely coordination. in solving problems between businesses of the two countries, continuing to promote Vietnam's rice export activities to China in the coming time.

Besides, consider signing memorandums of understanding on promoting exports and trade promotion between the two countries. Support bringing Vietnamese rice products to penetrate deeply into China's traditional retail market and e-commerce channels in the near future.

From now until the end of the year, VFA said that because countries such as the Philippines and Indonesia have large import needs, while the world's largest exporter, India, still extends the restriction on white rice exports until 2019. 2024. This is an opportunity for other rice exporting countries.

With recent positive signals, rice exports in 2023 are likely to reach and exceed 7.5-8 million tons, with a turnover of 4.5 billion USD.

KIm Cuong