Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

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Viet Nam has huge potential in rice export
Once a country constantly facing food shortages, Viet Nam has become one of the world's leading rice exporters. Last year, its exports made up 15.3 percent of the world's total and the rate is forecast to increase this year.

Over 3 million tonnes of Vietnamese rice has been exported annually over recent years. The figure is predicted to exceed 4 million tonnes this year as by the end of July, the country had already exported 3.14 million tonnes.

The good performance is attributed to Viet Nam's bid to increase the quality of rice in order to sharpen the product's competitive edge in the world market, a trade official said, adding that in the early 90s, high quality rice accounted for only 20 percent of Viet Nam's total exports but now the rate is 65 percent.

Another key factor behind the good results was the country's intensive investment in developing areas for export production, including 1 million ha in the southern Mekong delta region and 300,000 in the northern Red River delta region.

Viet Nam's rice output also increased annually as a result of its efforts to apply advanced technology. Sources from the Food and Agriculture Organisation said that between 1999 and 2003, Viet Nam's rice output registered an annual growth of 5.3 percent in comparison with the world's average rate of 1.5 percent.

Sixty years ago, under the imperialist and colonialist regimes, more than 2 million Vietnamese people died of famine. After the August Revolution and National Day (September 2, 1945), the Democratic Republic of Viet Nam was founded and people at that time could produce rice for themselves and the resistance war against the French aggressors.

During the American War, rice was produced in the north to serve the battlefield in the south. At that time, the country's agriculture sector faced many difficulties, with paddy being the sole plant. Due to serious shortages of starchy foods, Viet Nam had to import more than 1 million tonnes of rice in 1970 and 1.5 million tonnes in 1974. The situation lasted for over 10 years.

In 1986, Viet Nam began the renewal process. Three years later, it exported 1.79 million tonnes of rice for the first time. However, the agriculture sector did not see a boom until the 90s, when it exported a record 4.5 million tonnes of rice in 1999 and became the world's second biggest rice exporter.

Since then, each year, Viet Nam has earned around 900 million USD from rice exports.
MGR Archive 21.8.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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