Opportunities for exporting rice to Indonesia

Indonesia's National Food Agency announced that the government plans to import an additional 1.6 million tons of rice to fill its rice reserves.

The Indonesian National Food Agency announced that the government plans to import an additional 1.6 million tons of rice to replenish its rice reserves. This could be an opportunity for Vietnamese businesses to continue exporting rice to the market of nearly 280 million people.

Indonesia has decided to import an additional 1.6 million tons of rice amid a shortage in domestic rice production due to the impact of the El Nino phenomenon in 2023.

With this additional imported rice, the total rice quota that the Indonesian government has decided to import in 2024 will be 3.6 million tons.

To date, the Indonesian Ministry of Trade has issued licenses to import 2 million tons of rice. It is expected that the Indonesian Government will have to continue to open tenders to buy more rice soon.

In 2023, Indonesia became Vietnam's second largest importer with a volume of more than 1.1 million tons of rice.

The Vietnam Trade Office in Indonesia recommends that Vietnamese rice exporting enterprises need to closely monitor market information and take advantage of opportunities to export rice to the Indonesian market in the first months of the year.

It is known that in 2023, Indonesia became the second largest importer of Vietnam with a volume of more than 1.1 million tons of rice, worth more than 640 million USD.

With rice in severe shortage as Ramadan approaches, Indonesia's demand for food will continue to increase sharply.

According to VTV.vn

Source: https://www.baohaugiang.com.vn/kinh-te/co-hoi-xuat-khau-gao-sang-indonesia-130227.html