Rice exports reached their highest level in the past 34 years. Vietnamese rice recorded a year of "double victory". This is an optimistic signal for prospects in 2024.
According to statistics from the General Department of Customs, in December 12, the country's rice exports reached 2023 tons, worth nearly 492.387 million USD, bringing Vietnam's total rice export volume in 339 to 2023 million tons, worth nearly 8,131 million USD. price of nearly 4,7 billion USD, an increase of 14,4% in volume and 35,3% in value compared to the same period in 2022. This is the highest export result in the history of Vietnam's rice industry.
India's issuance of measures to restrict rice exports to stabilize the domestic market and the decrease in supply in some countries due to El Nino have boosted rice demand and prices in recent times. Vietnam is one of the countries benefiting from this market development. In November 11 alone, Vietnam's average rice export price reached 2023 USD/ton, up 667% over the previous month and up 4,1% over the same period in 35,2. This is also the level The highest price ever and higher than the price of 2022 USD/ton for 665% broken white rice being offered on the market.
Mr. Ta Van Bong - Chairman of the Board of Directors and Director of Tan Binh Cooperative (Dong Thap) said: In the Winter-Spring crop of 2023, rice prices will remain above 9.000 VND/kg, farmers are very excited, especially in the context of costs. Input increases, labor costs increase. In 2023, Tan Binh Cooperative's revenue growth will reach 15 - 20%. Rice prices increased, remaining at 9.000 - 11.000 VND/kg, helping farmers profit from 35 - 40%. In the future, Tan Binh Cooperative will deploy safe rice production according to SRP standards, aiming to produce rice with low carbon emissions. By 2025, safe rice products will be released to the market, moving towards building the brand "Cu Lao Tay Agricultural Products" in the following years... "The market is increasingly concerned about quality. Growing high-quality rice for food safety production will bring benefits to both producers and consumers. The cooperative currently has 220 hectares of organic rice, in 2024 it is expected to expand the area to 300 - 400 hectares and aim to grow organic rice in the entire area (more than 700 hectares)", Mr. Bong said.
Positive changes in the Vietnamese rice industry
Managers and experts all agree that, in the context of a world shortage of rice, Vietnam is also suffering from climate change but less, and can increase production. This is not only a "God-given" opportunity but also internal strength. Vietnam's rice price is higher than Thailand's because of real investment. Vietnam is much better than Thailand in terms of short-term, high-quality rice varieties, not "luck".
Mr. Huynh Van Thon - Chairman of Loc Troi Group commented, "In 2023, rice exports will reach 8,1 million tons, equivalent to 4,7 billion USD, an increase of 14% in volume and an increase of 35% in value compared to with 2022. The rice industry has set an export record in both volume and turnover after 34 years of participating in the global market. The average price of rice exports in 2023 will reach 580 USD/ton, an increase of 19% compared to 2022. The position of the country, the rice grain and the farmers will all be raised. Vietnam's rice industry has gradually transferred the right to negotiate prices from buyers to sellers."
Mr. Pham Thai Binh - Chairman of the Board of Directors of Trung An High-Tech Agriculture Joint Stock Company (Can Tho) said, "In 2023, the rice export results in 2023 were good, 2024 can be better when we take advantage of market opportunities, consumer demand is still large."
Sharing the same opinion, according to Mr. Le Thanh Tung - Deputy Director of the Department of Crop Production (Ministry of Agriculture and Rural Development), "Whether Vietnam exports rice at 600 USD or 1.000 USD/ton, is it exporting rice or exporting resources?" , the efforts of farmers. To have rice seeds for export requires not only the efforts of farmers and businesses but also resources and infrastructure, especially the irrigation system in the Mekong Delta."
ExportWhy is Vietnam's rice export in 2023 outstanding?
Assessing the results of rice exports in 2023, Mr. Nguyen Nhu Cuong - Director of the Department of Crop Production said, "India's restriction of rice exports has had a major impact on the world rice market. India accounts for 40% of the world's rice exports, so India's temporary suspension of rice exports is considered an opportunity for other countries and Vietnam has turned that opportunity into money to increase farmers' income.
Also according to Mr. Cuong, in addition to increased rice market demand, flexible guidance in direction and administration has successfully contributed to increasing export value. “Directive No. 24/CT-TTg of the Prime Minister dated August 5, 8 on firmly ensuring national food security and promoting sustainable rice production and export in the current period has become become an important orientation for functional agencies and localities to focus on production and regulation," Mr. Cuong emphasized.
Agreeing with the above analysis, agricultural expert Hoang Trong Thuy added, "The outstanding results in recent rice exports are due to: The Ministry of Industry and Trade and the Vietnam Food Association (VFA) have Thoroughly inspect and control the current status of storage, milling, purchasing facilities and logistics services for production and export. At the same time, direct traders to strictly implement regulations in Decree No. 107/2018/ND-CP to ensure maintenance of circulating reserves and effective export balance.
At the same time, the Import-Export Department also advised the Minister of Industry and Trade to issue Directive No. 07/CT-BCT on enhancing market information, trade promotion, and developing rice and rice export markets. stabilize the domestic market. On the other hand, the Ministry of Industry and Trade is actively negotiating and exchanging bilaterally with traditional and key import partners (Malaysia, Philippines) to consider signing a Rice Trade Memorandum of Understanding.
At the same time, a rice trade delegation was organized in the Chinese market to maintain, consolidate and expand the market share of rice products in this market. It can be said that this year, in the rice industry, we have taken advantage of market opportunities, turning opportunities into income for rice farmers and profits for rice production and export businesses.
Effective direction for rice export prospects in 2024
Economic expert Dinh Trong Thinh assessed that when the market door has opened, there are still technical barriers, the story of green standards, or greening production is a message mentioned throughout 2023. “We also hope that in 2024, businesses can transform and meet the greening standards that markets have set, thereby promoting export activities in traditional markets. and expand in markets where we have signed FTAs. At that time, Vietnam will achieve higher import-export growth in 2024," economist Dinh Trong Thinh emphasized.
According to statistics, in the first half of January 1, the whole country exported 2024 tons of rice, with a turnover of 194.074 million USD. Compared to the same period in 134,57, the amount of rice exported decreased by nearly 2023 tons, however, the turnover increased by nearly 32.000 million USD. Notably, in the first half of January 20, on average each ton of rice exported earned about 1 USD, while in the same period last year it was only about 2024 USD/ton. Thus, the average rice export value increased by 693%.
2024 is a year of acceleration and breakthrough, of particular importance in the successful implementation of the 5-year socio-economic development plan 2021 - 2025. The world and regional situation will continue to have negative impacts. complicated and unpredictable developments; The consequences of the COVID-19 pandemic will have a lasting impact. Strategic competition among major countries is becoming more and more fierce, global economic growth, trade and investment continue to decline. Inflation and monetary policies of some major economies still contain elements of uncertainty. Orders recovered but goods exports faced new challenges, in which the "floating" Red Sea is a hot issue for businesses.
In the context of difficulties and intertwined challenges as mentioned above, one of the tasks indicated in Resolution 01/NQ-CP dated January 5, 1 of the Government is to strengthen trade promotion; continue to diversify export markets, products, and supply chains; consolidate and expand the market share of Vietnamese goods in traditional markets; create a breakthrough to expand new potential export markets; Prioritize exploiting and making the most of opportunities from key and strategic export markets.
According to many forecasts, rice prices will increase in 2024 due to tight supply. The rice market is expected to continue to tighten at the beginning of the year due to India's ongoing export restrictions. Meanwhile, demand still increases during the Tet holiday. These factors will create momentum for rice prices to increase further.
Faced with that situation, Director of the Department of Crop Production Nguyen Nhu Cuong said, "Although the rice area tends to decrease, in the production plan for 2024, the crop industry still aims to maintain the rice cultivation area at 7,1 tons. 43 million hectares, rice output over 8 million tons; Ensuring export of XNUMX million tons of rice or more."
According to Nguyen Cung/VTV
