{"id":8062,"date":"2023-09-15T14:32:11","date_gmt":"2023-09-15T14:32:11","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=8062"},"modified":"2023-09-15T14:32:21","modified_gmt":"2023-09-15T14:32:21","slug":"rice-exports-all-set-for-record-high-this-year","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/rice-exports-all-set-for-record-high-this-year\/","title":{"rendered":"Rice exports all set for record high this year"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"680\" height=\"408\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-79.png\" alt=\"\" class=\"wp-image-8063\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-79.png 680w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-79-600x360.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-79-300x180.png 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/figure>\n\n\n\n<p>Farmers harvest rice in the Mekong Delta province of Tra Vinh. Photo by VnExpress\/An BinhVietnam\u2019s rice exports are likely to reach record volumes this year on the back of burgeoning global demand and its large output.<\/p>\n\n\n\n<p>Le Thanh Tung, deputy head of the Ministry of Agriculture and Rural Development\u2019s farming department, expected global demand to exceed Vietnam\u2019s export capabilities.<\/p>\n\n\n\n<p>India\u2019s recent rice ban has caused several countries such as Indonesia to increase imports, and the Philippines is considering a cut in rice import tax from 35% to 10% to ensure supply, he said.<\/p>\n\n\n\n<p>&#8220;But Vietnam\u2019s availability for exports is not too high.&#8221;<\/p>\n\n\n\n<p>Its paddy production is expected to increase by 1.8% from last year to 24 million tons this year, according to the ministry.<\/p>\n\n\n\n<p>Rice exports in the first eight months jumped by 20%year-on-year to 6 million tons.<\/p>\n\n\n\n<p>Nguyen Ngoc Nam, chairman of the Vietnam Food Association, said at least 1.2 million tons would be exported from now until the end of the year.<\/p>\n\n\n\n<p>The Philippines would remain a key market and account for around 40% of the exports, and demand from China would rise due to low production, he said.<\/p>\n\n\n\n<p>Around 400,000 hectares could be harvested in the final crop of the year, and they include many high-quality varieties, he added.<\/p>\n\n\n\n<p>Demand for Vietnamese rice has been growing in recent years.<\/p>\n\n\n\n<p>Vietnam has an 80% share of the Philippines rice market.<\/p>\n\n\n\n<p>With demand from other countries rising, its rice exports are now fetching high prices.<\/p>\n\n\n\n<p>Nguyen Viet Anh, CEO of Phuong Dong Food, one of the top exporters, said prices have surged from VND3,000 per kilogram in 2019 to around VND8,000 ($0.12) now.<\/p>\n\n\n\n<p>&#8220;Rice is an essential product, but many countries are not able to produce it and therefore prices are high,&#8221; he said, adding that India does not intend to lift its ban until next year.<\/p>\n\n\n\n<p>Some of Vietnam\u2019s rice varieties are now better than Thailand\u2019s, and so at times exporters do not have enough stocks to ship, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Farmers harvest rice in the Mekong Delta province of Tra Vinh. Photo by VnExpress\/An BinhVietnam\u2019s rice exports are likely to reach record volumes this year on the back of burgeoning global demand and its large output. Le Thanh Tung, deputy head of the Ministry of Agriculture and Rural Development\u2019s farming department, expected global demand to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[313,218,160,159],"class_list":["post-8062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-farmers","tag-rice-farming","tag-rice-export","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rice exports all set for record high this year - 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 exports all set for record high this year - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Farmers harvest rice in the Mekong Delta province of Tra Vinh. 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