Finding new export markets for the rice industry

The Ministry of Industry and Trade recommends that rice exporters, in addition to maintaining traditional markets, should seek new markets to diversify risks and increase adaptability.

The Ministry of Industry and Trade notes that businesses should seek new export markets for the rice industry.

The Ministry of Industry and Trade has sent documents to the People's Committees of provinces and cities, the Vietnam Food Association (VFA) and rice export traders regarding appropriate adjustments to production and business activities.

The document was sent to localities, businesses and organizations after the Philippines, the largest export market of our country's rice industry, temporarily suspended rice imports for 60 days, starting September 1, 2025.

To ensure rice export activities in 2025, contributing to the implementation of the annual export target, the Ministry of Industry and Trade requests the People's Committees of provinces and cities to promptly inform rice export traders in the area to grasp the information.

According to data from the Philippine Bureau of Plant Industry (BPI), in the first 7 months of 2025, the country imported a total of 2.44 million tons of rice. Of which, Vietnam was the largest supplier with 1.87 million tons, accounting for nearly 77% of the market share.

Along with that, review and promptly synthesize information and opinions of the business community on difficulties and problems arising to report appropriate solutions.

The Vietnam Food Association needs to promptly inform rice export traders to adjust production and business activities accordingly. Strengthen information updates, monitoring and forecasting, providing information on the production situation, domestic and international rice markets to report and propose to the Government and relevant ministries and branches solutions to promote domestic rice consumption and export.

Closely coordinate with the Philippine Rice Importers Association to actively monitor and grasp market information and policy changes of the host country to promptly report and propose appropriate solutions. Support member businesses to diversify export markets, enhance trade promotion, especially with traditional partners.

In the current context, businesses are advised to seek new export markets more urgently, minimizing the impact of some traditional markets adjusting rice trade policies. Actively purchase and temporarily store rice for farmers, strictly implement the provisions of Decree 107 and regulations related to rice export business.

As of August 15, Vietnamese enterprises had exported nearly 5.88 million tons of rice, earning more than 3 billion USD, with the average rice export price reaching nearly 512 USD/ton.

To maintain Vietnam's position as a rice exporter, the Prime Minister has directed relevant ministries and branches to seize opportunities and "speed up" the export of rice, especially high-quality rice and organic rice, associated with a traceability system and building a national rice brand to increase added value in rice exports.

Along with that, speed up the implementation of the Project on sustainable development of 1 million hectares of high-quality and low-emission rice cultivation associated with green growth in the Mekong Delta by 2030.

baodautu.vn

Source: https://baolaocai.vn/tim-thi-truong-xuat-khau-moi-cho-nganh-gao-post881385.html