Mr. Tran Thanh Hai - Deputy Director of the Import-Export Department - Photo: C.DUNG
Regarding rice exports, in July 2023, India issued a law banning rice exports. However, on September 28, the country proposed to lift this ban.
According to Mr. Hai, India is a country with a major role in the world rice market, and its moves have been closely monitored by the Ministry of Industry and Trade, the Vietnam Food Association, and rice exporting enterprises.
Following developments closely
Up to now, after 9 months, Vietnam's rice export turnover has reached 6.9 million tons, turnover of 4.3 billion USD, and the growth rate in 9 months compared to 2003 increased by 23%.
"It can be said that up to this point, rice exports have been quite positive. However, with India's move to lift the rice export ban, export prices will certainly be affected and businesses and associations have been closely monitoring this move to avoid being passive" - Mr. Hai affirmed that he will continue to monitor the situation with associations and localities.
Mr. Hai also emphasized that we are currently implementing a policy of switching to high-quality rice and rice with special characteristics such as fragrant rice. This has helped Vietnam diversify its products, avoid collisions with exported Indian rice and limit the possibility of being affected.
According to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, last week the Prime Minister chaired a conference on implementing the project of 1 million hectares of high-quality rice.
Following the Prime Minister's direction, we must diversify products, improve rice quality, and especially build brands.
Improve rice quality to increase competitiveness
Therefore, the solutions proposed to build a unique brand, typical of Vietnamese rice, are for Vietnamese enterprises to promote the application of high technology... According to Mr. Tan, these are solutions that we can rest assured to compete fairly with other countries.
Regarding India's policies, Mr. Tan assessed that "there will be an impact, but there is no need to be too concerned". He recalled that when India previously banned rice exports, many opinions said that it was necessary to consider stopping exports to ensure domestic food security.
Therefore, the Deputy Minister of Industry and Trade affirmed that he will strictly follow the principle of ensuring domestic food security. Once this is ensured, he will boost exports.
Previously, from September 28, India issued an order to lift the export ban on non-basmati rice, and at the same time set the minimum export price for this item at 490 USD/ton.
After India lifted the ban, the prices of 5% and 25% broken rice from Vietnam and countries like Thailand and Pakistan all tended to decrease by 15 - 50 USD/ton.
According to the Vietnam Food Association, the export price of 5% broken rice from Vietnam on October 3 was at 539 USD/ton - 10 - 40 USD/ton higher than that of Thailand, India, Myanmar, and Pakistan.
Similarly, Vietnam's 25% broken rice is also selling at the highest price of 510 USD/ton, while Thailand sells it at 493 USD/ton, India at 491 USD/ton, and Pakistan at 467 USD/ton.
Source: https://tuoitre.vn/bo-cong-thuong-an-do-go-lenh-cam-xuat-khau-gao-chac-chan-gia-gao-se-anh-huong-20241023181527632.htm
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