Vietnam elevates rice brand in demanding markets

Notably, 1,600 tonnes of high-value fragrant rice were sold at high prices to Singaporean and Malaysian markets in recent times. The latest increase in rice export value can largely be attributed to high-quality rice varieties such as fragrant rice, with the cultivation areas of the specialty rice accounting for 85%. Rice exports represented a bright […]

How will the dairy industry fare in 2021?

Though milk is considered an essential commodity, the dairy sector is expected to make only a K-shaped recovery with some companies seeing growth and the rest remaining in a slump, brokerage SSI Securities Corporation said in its latest industry report. Demand from low-income and price-sensitive consumers is likely to continue falling, since the pandemic has […]

Positive outlook ahead for commodity exports via e-commerce

The view was shared by experts during a January 12 workshop in Ho Chi Minh City aimed at discussing solutions for boosting exports via Alibaba.com, one of the world’s leading e-commerce platforms. Tran Phu Lu, deputy director of Ho Chi Minh City’s Investment and Trade Promotion Centre (ITPC), emphasised that e-commerce has become a new […]

Rice exports rise despite stockpiling amid pandemic

But volumes were down 3.5 percent to 6.15 million tons since the country stopped exports for over two weeks in March and April to ensure adequate domestic supply amid the pandemic. The average price rose by 13.3 percent from the previous year to $499 per ton, the highest in years, the Ministry of Industry and […]

Opportunities opened for food processing industry

The disruption of many global supply chains from the beginning of last year until now because of the Covid-19 pandemic has created gaps in foreign markets. Meanwhile, Vietnamese products have regained their advantage on the home ground when 76 percent of surveyed consumers said that they preferred to use Vietnamese goods due to their high […]

Vietnam imports Indian broken rice

The shipment is scheduled to be carried out in January and February this year at the price of around US$310 per tonne on a free-on-board (FOB) basis. Many may be surprised at the news that Vietnam, one of the three biggest rice exporters in the world, is importing rice from India. However, Vietnamese rice exporters […]

Pangasius fish exports to UK surge

The increase for the full year could reach 50 percent, the Vietnam Association of Seafood Exporters and Producers (VASEP) said in a report. In the first eight months of the year, 90 percent of the U.K.’s pangasius fish imports was from Vietnam, and VASEP forecasts that exports to the U.K., which was among the top […]

Shrimp exports to rise 15 pct

Global demand has remained stable while other shrimp exporting countries have not recovered from pandemic impacts, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). China is the biggest shrimp producer in Asia, yet it lacks shrimp supply for processing and consumption. Vietnam’s shrimps will benefit from tariff cut under new generation FTAs […]

Farmers’ income increases thanks to higher rice exports

Though the volume of Vietnam’s rice exports was down by 3.5 percent compared to 2019, earnings from rice export surged by 9.3 percent. Average rice export price in the whole year was estimated to hit $499 per ton, up by 13.3 percent over the prior year. According to the Ministry, last year price was highest […]

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