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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Vietnam - 2005 rice exports hit record
In comparison with 2004, rice export volume increased by nearly 1mil tonnes; turnover by US$400mil and price by US$48 per tonne.

The results were more encouraging as last year climatic conditions caused great difficulties for agricultural sector. In the early months of the year, severe droughts in the Central Highlands and central southern region, heavy and prolonged floods and storms in mid-year and later months of the year, especially storm No 7 and 8 caused devastating damage to the summer-autumn and winter rice crops.

Despite difficulties, Vietnam managed to harvest nearly 40mil tonnes of seeded food, including 36mil tonnes of rice. This was the 17th consecutive year Vietnam has exported rice and the third year the rice export volume reached over 4mil tonnes, becoming the world’s second biggest rice exporter. Rice export markets have also been expanded as Vietnam’s rice quality has been much improved.

Last year, Vietnamese rice exporters managed to export their products to markets requiring high quality including Japan, EU and the US.

In the first 11 months of 2005, Vietnam exported 90,000 tonnes of fragrant rice, up 60% against the same period of the previous year, at attractive prices. The result was due to the fact that Vietnamese rice met the 579 requirements, instead of 250 as before, of the Japanese market. The average price was US$275 per tonne against US$232 in 2004 and US$188.2 in 2003.

What marks the development and growth of Vietnam’s rice export is the high stability in the context of severe competition on the world’s market. In 1989, Vietnam officially became a rice exporter, exporting 1.42mil tonnes of rice to world markets at an average price of US$204 per tonne, earning US$189mil. During the 1991-1995 period, Vietnam exported over 1.7mil tonnes of rice a year. The figure rose sharply in the 1996-2000 period to over 3.6mil tonnes of exported rice annually.

In the first five years of the 21st century, Vietnam’s rice exports have increased in both quantity and quality, raising its competitiveness on the markets. On the average, Vietnam exported over 3.7mil tonnes of rice per year during this period. Last year, the country hit a record in rice exports with more than 5mil tonnes.

Compared to those in 1989 when Vietnam first exported rice, the total rice export volume increased by 3.57 fold, price by US$63 per tonne (from US$204 to US$267 per tonne) and turnover by 7 fold (from US$189mil to US$1.34bil). During that time, Vietnam has been the second world’s biggest rice exporter for 14 years (only ranked third for three years after Thailand and India).

According to the United Nations Food and Agriculture Organisation, in Asia, besides Thailand, there are three other countries including India, Pakistan and China that can be Vietnam’s rivals in rice exports. However, during the past 17 years, the exported rice volumes of these three countries have not been stable while Vietnam’s agriculture in general and rice production in particular has developed in a stable manner and grown fast.

Vietnam has also paid great attention to improving the quality of its rice by planting high quality rice strains. The State has poured investment to plan and build high quality rice planting areas for exports including one million hectares in the Mekong river delta and 300,000 hectares in the Red river delta. Thus, in recent years, Vietnam’s rice export markets have been expanded.

Thanks to the improvements in quality and expansion in markets, Vietnam rice prices have been equal to those of regional countries. The country’s rice output is high and stable. These are the advantages of a strong rice exporting country, which show the pre-eminence of Vietnam’s political regime and correct renovation policy within the context of opening door to integrate into regional and world economy.

Rice export achievements have also helped raise rice growers’ income. In recent years, farmers have harvested bumper crops and sold their products at good prices, thus improving their living conditions.
MGR Archive 29.1.2006
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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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