Vietnam’s rice exports in the first quarter reached 1.4 billion USD

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On the morning of April 26, in Can Tho, the Ministry of Industry and Trade coordinated with the Ministry of Agriculture and Rural Development to organize a conference to evaluate rice export results in 2023 and the first quarter of 2024 and discuss rice export orientation in the coming time.

The conference was organized by the Ministry of Industry and Trade in coordination with the Ministry of Agriculture and Rural Development. Photo: Do ​​Dung

According to the General Department of Customs, in 2023, Vietnam exported 8.1 million tons of rice worth 4.67 billion USD, up 14.4% in volume and 35.3% in value over the same period last year. 2022. The structure of exported rice types is in the right direction, adding value to rice grains with categories such as: Fragrant rice, sticky rice, premium white rice…

In addition to traditional, key export markets that continue to be maintained such as: Philippines, China, Indonesia, Malaysia, Ivory Coast, Hong Kong (China), some market areas recorded good growth. like the European Union.

In the management of rice export, the Ministry of Industry and Trade has implemented many solutions to inspect and monitor the production, circulation, and consumption of rice in localities and the maintenance of circulating reserves. minimum of rice export traders.

In addition, the Ministry also has solutions to ensure supply, stabilize domestic food prices and create favorable conditions and limit risks for rice export business activities in each period of the year; Establish a channel to support rice market information…

Export rice packaging line at Phuoc Thanh II Company Limited (Long An province). Photo: Mai Huong

In 2024, the global rice trade market still faces challenges, such as reduced global rice supply. However, Vietnam’s rice exports in the first quarter of 2024 reached nearly 2.2 million tons, worth 1.4 billion USD, up 17.8% in volume and 45.6% in value over the same period. 2023.

To well implement the goals and principles of rice export business management, the Ministry of Industry and Trade continues to promote market development activities, trade promotion, and promotion of circulation and consumption of rice products in the current situation. new.

Along with that, ensuring the consumption of paddy and rice goods at prices beneficial to farmers; maintain minimum circulation reserve levels according to regulations; balance exports and domestic consumption, contributing to stabilizing domestic rice prices and facilitating trade, ensuring effective exports and improving competitiveness and value of Vietnamese rice products globally. world food market.

At the conference, delegates representing ministries, branches, localities, associations, and rice export traders discussed, reviewed, and evaluated the impact of climate change on production activities. commodity rice and paddy output to serve domestic demand until the end of the year as well as market demand assessment, signals on policy moves, and information from major rice import-export markets in the world.

The article is in Vietnamese

Tags: Vietnams rice exports quarter reached billion USD

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