Meeting standards, Vietnamese rice may be exported at price of US$3,000 – 4,000 per ton

VCN – This is affirmed by Mr. Pham Thai Binh, Director General of Trung An Hi-tech Agriculture Company at the online seminar on Exports to the EU with advantages from EVFTA: What does Vietnamese goods need? held by the High Quality Vietnamese Goods - Integration Standard Project on September 3.
meeting standards vietnamese rice may be exported at price of us 3000 4000 per ton Dozens of automobile and motorbike model have their prices adjusted for registration fee calculation
meeting standards vietnamese rice may be exported at price of us 3000 4000 per ton Rice exports enjoy vigorous growth during eight-month period
meeting standards vietnamese rice may be exported at price of us 3000 4000 per ton Vinaseed rice products conquer international markets
meeting standards vietnamese rice may be exported at price of us 3000 4000 per ton
Despite significant increases, the rice export price is still not commensurate with its real value

After the EVFTA took effect, Trung An Company signed a contract to export fragrant rice to the EU with FOB price (Free On Board) of US$1,080 per ton. While before the EVFTA, the highest export price that the company achieved was only US$800 per ton.

Mr. Binh said: "Vietnam's business culture is very poor, when a market is open, enterprises will race to reduce prices to compete and dominate the market. In fact, the price of US$1,080 per tonis not high and still not commensurate with the real value. If meeting the standards, Europeans are willing to pay the price of US$3,000-4,000 per ton for Vietnamese organic rice.”

According to Mr. Binh, in the short term, Trung An has not taken into account the profit, but focuses on ensuring the standards of the European market. In the long term, it is necessary to increase the value to match the efforts of farmers and the company.

meeting standards vietnamese rice may be exported at price of us 3000 4000 per ton Rice exports enjoy robust growth despite COVID-19 threat

While many of Vietnamese agricultural exports have faced COVID-19 challenges, rice exports during the opening seven months ...

Trung An is in talks with France about printing Trung An brand on product packaging, which has been accepted. Therefore, in the near future, Vietnamese rice will be on the shelves of European supermarkets with Vietnamese brands.

By Nguyen Hien/ Huyen Trang

Related News

Production ensures export of 7.4 million tons of rice this year

Production ensures export of 7.4 million tons of rice this year

VCN - By the end of the first quarter of 2024, rice exports continued to increase by 17.6% in volume and 45.5% in turnover compared to the first quarter of 2023, reaching over 2.18 million tons, equivalent to nearly US$ 1.43 billion, average price US$ 653.9 /ton.
Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.
Vietnam

Vietnam's exports to Canada lead among CPTPP countries

VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along with activities deployed by the Trade Department to support businesses to conquer this attractive "billion dollar" market.
The supporting industrial enterprises transform for sustainable development

The supporting industrial enterprises transform for sustainable development

VCN - In supporting industry manufacturing enterprises (Support Industry), gradually "greening" production, green factories, clean raw materials, green energy... has become an inevitable trend, helping to meet the needs of customers. requirements to increase opportunities to enter the global value chain.

Latest News

Make use of the most of favorable factors for economic growth

Make use of the most of favorable factors for economic growth

VCN - Commenting that the economy can absolutely achieve growth according to the set target, but according to Dr. Nguyen Tu Anh (photo), Director of Department, Director of the Center for Economic Information, Analysis and Forecasting, Central Economic Commission, management agencies need to resolve and clear the bottlenecks that have been identified since real estate market, corporate bonds... to restore aggregate demand.
Textile and garment businesses face difficulties due to lack of domestic supply

Textile and garment businesses face difficulties due to lack of domestic supply

Vietnam’s textile and garment industry has long faced an imbalance between production stages.
Vietnam leads in export rice prices globally

Vietnam leads in export rice prices globally

The prices of Vietnamese rice in the international market rose by 3-8 USD per tonne last week, helping Vietnam return to the top position in export rice prices, according to the Vietnam Food Association (VFA).
More businesses to join Vietnam E-Pavilion

More businesses to join Vietnam E-Pavilion

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300, providing opportunities for enterprises to access millions of consumers worldwide through Alibaba.com's extensive customer network.

More News

Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives have been advised to focus on branding and improving product quality to expand tea exports to highly-demanding markets, especially organic tea products.
Seafood enterprises encounter problems with specialized inspection

Seafood enterprises encounter problems with specialized inspection

VCN - Seafood businesses are facing problems related to food safety certificates (H/C) of seafood raw materials imported from New Zealand for processing and export to the EU.
Three groups of export commodities achieved billions of USD

Three groups of export commodities achieved billions of USD

VCN - The result of exports is showing positive signs, especially many groups of commodities increased by over a billion USD compared to the same period in 2023.
Speed up the process of issuing "passports" for durian exports

Speed up the process of issuing "passports" for durian exports

VCN - The growing area code is considered a passport for Vietnamese agricultural products, including durian, to trace the origin of the product and ensure products meet food safety and hygiene quality, demonstrating the exporting country's responsibility in production.
Vietnamese pomelo likely to be exported to Australia

Vietnamese pomelo likely to be exported to Australia

The import of Vietnamese fresh pomelo into the Australian market may be allowed if the product meets the Oceanian country's biosecurity conditions, said the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).
Take advantage of E-commerce leverage for export.

Take advantage of E-commerce leverage for export.

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.
Central beach city to lure investment from potential partners

Central beach city to lure investment from potential partners

The central hub will welcome all investors planning for investment expansion or fund flow moves in the region.
Vietnam to have enough 8 million tonnes of rice for export

Vietnam to have enough 8 million tonnes of rice for export

Vietnam’s rice output is expected to reach 43 million tonnes in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tonnes, according to the Ministry of Agriculture and Rural Development.
Binh Duong: Fertile ground for logistics businesses

Binh Duong: Fertile ground for logistics businesses

VCN - With its strategic geographical location and strong infrastructure development, Binh Duong is considered fertile ground for businesses to invest in and operate logistics services.
Read More

Your care

Latest Most read
Make use of the most of favorable factors for economic growth

Make use of the most of favorable factors for economic growth

VCN - Vietnam's economic growth depends on aggregate demand, including aggregate demand from consumption, investment, and export. Currently, total social investment, non-state sector investment, and foreign investment all increase higher than in 2023.
Textile and garment businesses face difficulties due to lack of domestic supply

Textile and garment businesses face difficulties due to lack of domestic supply

Vietnam’s textile and garment industry has long faced an imbalance between production stages.
Vietnam leads in export rice prices globally

Vietnam leads in export rice prices globally

The prices of Vietnamese rice in the international market rose by 3-8 USD per tonne last week, helping Vietnam return to the top position in export rice prices, according to the Vietnam Food Association (VFA).
Production ensures export of 7.4 million tons of rice this year

Production ensures export of 7.4 million tons of rice this year

VCN - By the end of the first quarter of 2024, rice exports continued to increase by 17.6% in volume and 45.5% in turnover compared to the first quarter of 2023, reaching over 2.18 million tons, equivalent to nearly US$ 1.43 billion, average price US$ 653
More businesses to join Vietnam E-Pavilion

More businesses to join Vietnam E-Pavilion

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300, providing opportunities for enterprises to access millions of consumers worldwide through Alibaba.com's extensive customer network.
Mobile Version