According to experts, the fact that India stopped exporting rice is an opportunity for Vietnamese rice to accelerate and dominate the market. Thus, the whole country will have about 13.5 million tons of rice, equivalent to 7-8 million tons of rice for export. Along with that, the amount of imports from Cambodia reaches over 1 million tons per year, which can be compensated in case of need. Nguyen Nhu Cuong, Director of the Department of Crop Production, said that the Government has directed to increase the national rice reserve and this year, the supply of the Winter-Spring crop from 2023-2024 will come early due to a 1-month profit, so Vietnam is completely quiet. focus on ensuring food security. Therefore, leaders of the Department of Crop Production support that enterprises need to take advantage of opportunities to increase rice exports. Prof. Dr. Vo Tong Xuan said that Vietnam has had a very painful experience of missing opportunities to export rice. In 2008, the whole world suffered a food crisis. Wheat and rice all failed. At that time, rice importing countries were very worried. The Philippines is a long-time rice importer of Vietnam, and the rice area has also suffered heavy damage. At that time, the price of rice was 350 USD/ton, but the Philippine government was willing to buy it at 800 USD/ton. However, at that time, Vietnam thought that the price of rice would continue to rise higher, then fearing a shortage of rice should ban exports and lose opportunities. And Thailand has taken advantage of selling high-priced rice at 800-900 USD/ton. “Currently, Vietnam has been producing three rice crops a year, so we don’t have to worry about rice shortages. There are not always good opportunities like today, we need to seize them,” said Xuan. Information from the Vietnam Trade Office in the UK said that with a community of more than 5.5 million people of Asian descent, the demand for rice in the UK is very large while the country depends entirely on imports. In the second half of 2023, the UK market is forecasted to have a supply shortage of about 75,000 tons of rice. In 2024, rice consumption is expected to grow by 2.1%. According to the Vietnam Trade Office in the UK, although it is a rice exporter in the top 3 in the world, Vietnam is only the 14th rice exporter to the UK with a market share of 0.6%. Vietnamese rice exported to the UK as well as many other countries is often sold under the brand name of distributors, making consumers unaware of the origin of rice from Vietnam. Meanwhile, the advantage of Vietnamese rice in the UK market is the highest average selling price of 1,093 USD/ton. Therefore, before India issued a ban on rice exports, the Vietnam Trade Office in the UK considered this to be a unique opportunity for Vietnamese rice in this market. Can increase by 500 million USD The leader of the Ministry of Agriculture and Rural Development said that in order to take advantage of the opportunity to export rice, the ministry is focusing on directing the organization of good production to ensure the supply of output. Currently, the Ministry of Agriculture and Rural Development has assigned the Departments of Cultivation, Irrigation, and Plant Protection to consider the situation of drought and salinity, to see if it is possible to increase the area of the autumn-winter crop as much as is reasonable. If Vietnam increases by 50,000ha of Autumn-Winter rice crop, Vietnam can collect an additional 100 million USD, both contributing to the world’s food supply and bringing income to farmers. For the Winter-Spring crop, the leaders of the Ministry of Agriculture and Rural Development shared that they were very interested. Right after the end of the autumn-winter crop, they gave clear instructions on techniques, closely followed drought and salinity, sowing time frame from October, harvesting as soon as possible. good, the end of the season is December 31, avoid salt and drought, and have more rice for export. “The ministry also requested its specialized agencies such as the Plant Protection Department, the Department of Management, Processing and Market Development to handle technical barriers in the spirit of creating maximum conditions for export enterprises. as soon as possible to expand to new markets and diversify markets”, said the leader of the Ministry of Agriculture and Rural Development. Mr. Nguyen Huy Khoi, Head of Science, Technology and International Cooperation Department, Southern Institute of Irrigation Planning, said that this year’s high tide is forecasted to be higher than the average for many years but not as intense as in 2022. , if the area of this year’s autumn-winter crop is increased by 50,000 hectares compared to the original plan of 650,000 hectares, it will still ensure the safety of the entire area. By fact, there were years ago, the area of autumn-winter rice was much larger than today. “This is an opportunity to reorganize the rice industry, strengthen linkages, reduce costs, and increase income for rice growers,” Mr. Khoi commented. The price of summer-autumn rice is currently 2,000 VND/kg higher than the same period in 2022. As long as the average rice price this year in the Mekong Delta is about 500 VND/kg higher than the rice price in 2022, the rice industry in this region will has an additional VND 12,000 billion, equivalent to USD 500 million, equal to the amount of money the WB lends to Vietnam to implement the Project of 1 million hectares of high-quality rice.

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