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Vietnam ships first batch of rice exports for 2021 to Singapore, Malaysia

January 14, 2021 | 11:59

Vietnam shipped first batch of 1,600-tonne rice to Singapore and Malaysia the Ministry of Agriculture and Rural Development announced on January 13.

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5304 rice export ceremony
On the afternoon of January 13, the Ministry of Agriculture and Rural Development (MARD) in cooperation with the People’s Committee of Can Tho province jointly held a ceremony to mark the first shipment of rice export for 2021.

On the afternoon of January 13, the Ministry of Agriculture and Rural Development (MARD) in cooperation with the People’s Committee of Can Tho province jointly held a ceremony to mark the first shipment of rice export for 2021.

Accordingly, 450 tonnes of Jasmine 85 rice will be shipped to the Singaporean market at 680 USD per tonne, while 1,150 tonnes of “Huong Lai” fragrant rice will be delivered to customers in Malaysia at 750 USD per tonne, VNA reported.

These are very high prices, General Director of Trung An High-Tech Agriculture Joint Stock CompanyPham Thai Binh said, adding that the company is also preparing to export over 2,000 tonnes of rice to Germany.

According to Binh, many local rice producers have recently signed major contracts with not only their traditional partners in Asia, but also in Europe.

“This is a welcome news and signal a good year for Vietnam’s rice exports,” he added.

Deputy Minister of Agricultural and Rural Development Le Quoc Doanh said the event marks an important milestone as Vietnam has just recently signed the Regional Comprehensive Economic Partnership (RCEP) on November 15, 2020, consisting of 10 ASEAN members and five countries having a free trade deal with the bloc (China, South Korea, Japan, Australia, New Zealand), according to Hanoitimes.

5400 vietnam rice export
Deputy Minister of Agricultural and Rural Development Le Quoc Doanh visit prodiction line of Deputy Minister of Agricultural and Rural Development Le Quoc Doanh. Photo: Nong nghiep VietNam

“Over the years, Vietnam has been pushing for a comprehensive global economic integration, which have resulted in the signing of 15 free trade agreements, and two under negotiation,” noted Mr. Doanh.

“Among those, the commitment for tariff reduction in the EU-Vietnam Free Trade Agreement (EVFTA) and RCEP are of the highest level among next-generation trade deals that Vietnam is a part of,” he said.

According to Mr. Doanh, the signing of these trade deals will provide opportunities for Vietnam’s agricultural products, including rice, to further penetrate international markets.

Secretary General of Vietnam Food Association (VFA) Nguyen Trung Kien said despite a lower export volume, 2020 marked a successful year for Vietnamese rice with a surge in value, showcasing the rise of Vietnamese rice on the global stage.

Kien said, Vietnam exported 6.15 million tonnes of rice last year, earning an estimated 3 billion USD, up 9, 3 percent year-on-year in value although the volume decreased by about 3.5 percent.

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Tags: rice export