Illustrative image (Photo: VNA) HCM City (VNA) – Vietnam needsto take new solutions and steps in rice production and export to ensurebenefits of businesses and farmers given market-related difficulties forecastfor the sector in the whole year, heard a seminar in Ho Chi Minh City on June24.
According to Tran Quoc Khanh, DeputyMinister of Industry and Trade, the demand for rice of major markets likeChina, Indonesia and Bangladesh has dropped recently.
Meanwhile, the US Department ofAgriculture forecast that the global rice supply will increase in the timeahead, drawing a gloomy picture of rice export of Vietnam and other countries.
By the end of May 5, 2019, Vietnamexported 2.76 million tonnes of rice valued at 1.18 billion USD, down 6.3percent in volume and 20.4 percent in value against the same period last year.
Rice price stood at 427.5 USD per tonne,a decrease of 76.8 USD year-on-year, the Deputy Minister said.
Phan Van Chinh, Director of theExport-Import Department under the Ministry of Industry and Trade (MoIT), saidin the first five months of 2019, China, Indonesia and Bangladesh imported only239,000 tonnes of rice in total from Vietnam, as compared with over 1.44million tonnes shipped to the three countries in the same period last year.
Bui Thi Thanh Tam, Vice President of theVietnam Food Association, said the domestic rice sector is expected to face arange of challenges not only in 2019 but the years to come, firstly due to theincreasing global rice volume which is forecast to exceed 499 million tonnesthis year, up 4.2 million tonnes against the previous year.
Another reason is the large amount ofrice stockpiles, she said, taking China as an example as the country’s ricestockpiles amount to about 116 million tonnes. China may replace the US tobecome a big rice exporter in the world.
Le Minh Duc, Director of the Departmentof Industry and Trade of the Mekong Delta province of Long An, pointed outshortcomings in the implementation of solutions that were rolled out to helpremove difficulties facing rice exports.
He suggested the Ministry of Agricultureand Rural Development clearly defines the land area for rice cultivation toensure national food security and rice exports at the same time, whileadjusting rice crops to maintain rice quality and quantity, and reduceproduction costs.
The MoIT should step up trade promotionactivities and maintain revenues of rice export to China, he said, calling onassociations to assist enterprises in building brand names for Vietnamese rice.
Other delegates at the event proposedconnectivity models between businesses and farmers in rice production andconsumption in order to meet market requirements.
Apart from issuing mechanisms in supportof rice purchase to stock reserves, relevant ministries and agencies need tobetter the market information work to help businesses set forth theirpurchasing plans, Khanh said.-VNA
According to Tran Quoc Khanh, DeputyMinister of Industry and Trade, the demand for rice of major markets likeChina, Indonesia and Bangladesh has dropped recently.
Meanwhile, the US Department ofAgriculture forecast that the global rice supply will increase in the timeahead, drawing a gloomy picture of rice export of Vietnam and other countries.
By the end of May 5, 2019, Vietnamexported 2.76 million tonnes of rice valued at 1.18 billion USD, down 6.3percent in volume and 20.4 percent in value against the same period last year.
Rice price stood at 427.5 USD per tonne,a decrease of 76.8 USD year-on-year, the Deputy Minister said.
Phan Van Chinh, Director of theExport-Import Department under the Ministry of Industry and Trade (MoIT), saidin the first five months of 2019, China, Indonesia and Bangladesh imported only239,000 tonnes of rice in total from Vietnam, as compared with over 1.44million tonnes shipped to the three countries in the same period last year.
Bui Thi Thanh Tam, Vice President of theVietnam Food Association, said the domestic rice sector is expected to face arange of challenges not only in 2019 but the years to come, firstly due to theincreasing global rice volume which is forecast to exceed 499 million tonnesthis year, up 4.2 million tonnes against the previous year.
Another reason is the large amount ofrice stockpiles, she said, taking China as an example as the country’s ricestockpiles amount to about 116 million tonnes. China may replace the US tobecome a big rice exporter in the world.
Le Minh Duc, Director of the Departmentof Industry and Trade of the Mekong Delta province of Long An, pointed outshortcomings in the implementation of solutions that were rolled out to helpremove difficulties facing rice exports.
He suggested the Ministry of Agricultureand Rural Development clearly defines the land area for rice cultivation toensure national food security and rice exports at the same time, whileadjusting rice crops to maintain rice quality and quantity, and reduceproduction costs.
The MoIT should step up trade promotionactivities and maintain revenues of rice export to China, he said, calling onassociations to assist enterprises in building brand names for Vietnamese rice.
Other delegates at the event proposedconnectivity models between businesses and farmers in rice production andconsumption in order to meet market requirements.
Apart from issuing mechanisms in supportof rice purchase to stock reserves, relevant ministries and agencies need tobetter the market information work to help businesses set forth theirpurchasing plans, Khanh said.-VNA
VNA
