Rice exporters should diversify markets (Photo: VNA)
Hanoi (VNA) – Diversifying into high-valuerice markets could be a boon for Vietnamese rice exporters, experts havesuggested.
Vietnam earned 2 billion USD from shipping about4.5 million tonnes of rice abroad in the first nine months of 2017,representing year-on-year rises of 18 percent and 19.6 percent, respectively.
The Vietnam Food Association (VFA) has set arice export target of 5.7 million tonnes in 2017, up 800,000 tonnes compared tothe previous year.
China accounts for 38 percent of Vietnam’s totalrice exports with some 1.5 million tonnes worth more than 700 million USD.
Apart from China, the Philippines and Malaysiaare strong consumers of Vietnamese rice.
From now to late 2017 and 2018, the VFA said the rice marketwill be led by demand from Malaysia, Bangladesh, the Philippines, Sri Lanka,China and Africa.
Vietnam’s rice exporters will face fiercecompetition from Thai rivals. Cambodia also wants to enter Vietnam’straditional rice export markets.
In the context of climate change, the Mekong Delta – thelargest granary of Vietnam, should focus on growing high-quality and high-valuerice.
Minister of Agriculture and Rural DevelopmentNguyen Xuan Cuong said “We can accept reducing the area but have to increaserice value. This requirement is urgent to improve the livelihood of farmers.”
Experts said the rice sector needs to takemeasures to shift to cultivation of rice with higher value and food safety.
More importantly, rice businesses should aim toproduce high-quality rice using advanced technologies.-VNA
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Rice exporters should diversify markets (Photo: VNA)
