Vietnamese enterprises have just signed many contracts rice export with high selling price. Rice exports are forecast to set a record high in more than 15 years.

Rice enterprises begin to sign new contracts

Talking to PV Lao Dong, Mr. Nguyen Quang Hoa - Director of Duong Vu Rice - said that he had just signed a new contract to export a batch of fragrant rice to the Philippines market at a very optimistic price.

"Duong Vu has just exported a shipment of Dai Thom 8 rice at $670-680/ton, $100/ton higher than a month ago," said Mr. Hoa.

A survey by PV Lao Dong shows that currently, the export price of Vietnam's 5% broken rice is being offered for sale at 638 USD/ton, 20 USD/ton higher than Thailand's rice of the same type, and 50 USD higher than Pakistani rice. USD/ton.

Mr. Vu Tuan Anh - Chairman of GLE Company (a unit specializing in connecting import and export), said that depending on the supply and India's next move in stopping or resuming rice exports, the price rice will increase or decrease in the next cycle.

“If India still stops exporting, rice prices will continue to set new records, and if the country lifts the ban on rice exports, rice prices will fall. Entrepreneurs are cautious, but still seize the opportunity with short-term contracts, many businesses have signed contracts again "- Mr. Vu Tuan Anh said.

However, Mr. Nguyen Quang Hoa emphasized that the current rice price is relatively unpredictable, so very few businesses sign long-term contracts.

“Both the seller and the buyer signed short-term contracts, the quantity is not high to explore the market, because it is not clear when India will stop the ban on rice exports. The price of rice in the world market depends greatly on this move of India."

The export price of rice is now increased by 10 USD/ton, accordingly, 5% broken rice is exported for 638 USD/ton, 25% broken rice is priced at 623 USD/ton, and jasmine rice is priced at 748 USD/ton. While before that, on August 18.8, 5% broken rice was at $628/ton, 25% broken rice: $618/ton, Jasmine rice: $748/ton.

Vietnam seizes the opportunity to win the runner-up position in rice export

Statistics of the General Department of Customs show that the amount of rice exported in July 7.2023 reached 619 thousand tons, a slight increase of 0,2% compared to the previous month, bringing the total amount of rice from the beginning of 2023 to 4,85 million tons, an increase. 19,1% and worth 2,62 billion USD, up 31,4% over the same period in 2022.

According to the Vietnam Food Association (VFA), Vietnam's rice export output reached 4,84 million tons, worth $2,58 billion, up 29,6% over the same period last year.

Although the Thai government has now raised the target of rice exports to 8 million tons, according to rice traders, this goal of Thailand is not easy because the dry weather caused by El Nino is likely to affect the country. harvest, causing Thailand to reduce rice exports this year and next.

Therefore, although in 2022, Thailand has regained the second position in rice exports when exporting 7,69 million tons, but this result may be surpassed by Vietnam, when enterprises are very busy. determination and domestic supply has many advantages.

In 2023, the country's rice cultivation area is 1,7 million hectares, the output is expected to reach over 43,2 million tons, up 1,8-2% compared to 2022. In addition to ensuring food security in the country , processing, breeding and breeding, Vietnam has enough supply to export 7,5-8 million tons of rice this year.

Mr. Nguyen Nhu Cuong - Director of the Department of Crop Production - Ministry of Agriculture and Rural Development affirmed: The Ministry of Agriculture and Rural Development has directed to increase the area of ​​autumn-winter rice by 50 hectares compared to previous crops, helping Vietnam seize the opportunity to increase the amount of rice exported. this year, when world "demand" is high.

"Vietnam can surpass Thailand and regain the runner-up position in rice export," affirmed Mr. Vu Tuan Anh - Chairman of GLE Company.

Source: Vietnam.vn