{"id":5713,"date":"2023-07-24T07:05:39","date_gmt":"2023-07-24T07:05:39","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=5713"},"modified":"2023-07-24T07:05:40","modified_gmt":"2023-07-24T07:05:40","slug":"rice-sector-needs-more-support-to-shift-from-quantity-to-quality","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/rice-sector-needs-more-support-to-shift-from-quantity-to-quality\/","title":{"rendered":"Rice sector needs more support to shift from quantity to quality"},"content":{"rendered":"\n

Despite a bright outlook predicted for rice exports in the second half of 2023, the rice sector still needs more support to shift from quantity to quality to seize global market opportunities.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
A rice packaging line at Vinh Ph\u00e1t Rice Company Ltd in the southern province of An Giang. To further increase rice value, it is necessary to pay attention to processing and export markets. \u2014 VNA\/VNS V\u0169 Sinh<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

H\u00c0 N\u1ed8I \u2014 Despite a bright outlook predicted for rice exports in the second half of 2023, the rice sector still needs more support to shift from quantity to quality to seize global market opportunities.<\/p>\n\n\n\n

About 6.6 million tonnes of milled rice in the Mekong Delta, the biggest rice production centre of Vi\u1ec7t Nam, is planned to be exported in 2023, including 3 million tonnes of high-quality rice, 2.1 million tonnes of fragrant and specialty rice, 0.9 million tonnes of medium-quality rice, and 0.6 million tonnes of glutinous rice.<\/p>\n\n\n\n

In the first six months of 2023, about 4.27 million tonnes of rice worth US$2.3 billion was shipped abroad, rising 22.2 per cent in volume and 34.7 per cent in value year on year. Export prices averaged $539 per tonne, up 10.2 per cent, according to the Quality, Processing and Market Development Department under the Ministry of Agriculture and Rural Development (MARD).<\/p>\n\n\n\n

Favourable conditions are now in place for rice export, especially during the second half of 2023, as major markets like China, the Philippines, and Malaysia are still purchasing large volumes of the grain.<\/p>\n\n\n\n

However, there is not much room left to boost the export volume. Vi\u1ec7t Nam is also stepping up crop restructuring to convert ineffective rice farming land into areas for other crops. Given this, promoting the rice value chain and processing to raise the produce\u2019s value is compulsory to raise export revenue.<\/p>\n\n\n\n

A representative of the L\u1ed9c Tr\u1eddi Group said that to further increase rice value, aside from varieties and cultivation techniques, it is necessary to pay attention to processing and export markets. Importers have high demand for deeply processed rice, but Vietnamese businesses haven\u2019t gained enough capital to invest in this step. Meanwhile, the weakness in origin tracing has also led to low prices.<\/p>\n\n\n\n

In terms of brand building, the L\u1ed9c Tr\u1eddi-branded rice is priced at up to $4,000 per tonne in the EU while the normal grain is sold at about $800 – 900 per tonne. The price difference is attributed to the shortage of capital to develop production and storage.<\/p>\n\n\n\n

The sector also lacks information about markets. With sufficient and updated information, Vi\u1ec7t Nam can seize opportunities, the L\u1ed9c Tr\u1eddi representative added.<\/p>\n\n\n\n

Tr\u01b0\u01a1ng S\u1ef9 B\u00e1, Chairman of the T\u00e2n Long Group, pointed out problems in post-harvest preservation, noting that the rate of lost-harvest losses is still high, about 10 \u2013 30 per cent (depending on weather conditions).<\/p>\n\n\n\n

In addition, the Mekong Delta is also facing logistics-related weaknesses. Rice must be dried within five – seven hours at the latest after being harvested to ensure good quality. However, due to poor and long transport, the product sometimes is dried after even 24 hours, making it hard to ensure quality.<\/p>\n\n\n\n

Logistics is critical to reducing post-harvest losses, B\u00e1 went on.<\/p>\n\n\n\n

The MARD is stepping up the building of a plan on sustainably developing 1 million hectares of land specialised in high-quality rice farming in connection with green growth in the Mekong Delta.<\/p>\n\n\n\n

With this plan, Vi\u1ec7t Nam will be the first country to connect rice production with green growth, according to L\u00ea Thanh T\u00f9ng, Deputy Director of the MARD\u2019s Crop Production Department.<\/p>\n\n\n\n

Ba held that the plan will help the sector improve rice productivity and quality and have competitive production costs.<\/p>\n\n\n\n

For her part, B\u00f9i Th\u1ecb Thanh T\u00e2m, Vice Chairwoman of the Vi\u1ec7t Nam Food Association, underlined the importance of quality, and that Vi\u1ec7t Nam should not wait for other countries to issue requirements but needs to proactively develop quality and brands.<\/p>\n\n\n\n

Mentioning the issue of capital, she said banks have provided considerable assistance for rice businesses, but it is still very difficult for the companies to access bank loans as their assets are not big enough to be used as collateral.<\/p>\n\n\n\n

The association called for increasing short-term loans for businesses during harvest periods, and helping them access the loans with low interest rates so that they can purchase rice in a timely manner to serve production. \u2014 VNS<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite a bright outlook predicted for rice exports in the second half of 2023, the rice sector still needs more support to shift from quantity to quality to seize global market opportunities. A rice packaging line at Vinh Ph\u00e1t Rice Company Ltd in the southern province of An Giang. To further increase rice value, it […]<\/p>\n","protected":false},"author":1,"featured_media":5714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[159],"class_list":["post-5713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"\nRice sector needs more support to shift from quantity to quality - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rice sector needs more support to shift from quantity to quality - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Despite a bright outlook predicted for rice exports in the second half of 2023, the rice sector still needs more support to shift from quantity to quality to seize global market opportunities. 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