Vietnam Grains, Cereal & Legumes insights

In 2023, Vietnam's rice exports to Africa reached 1.3 million tons, with a total export value of US$788 million, an increase of 6.3% and 27.7% respectively compared with 2022. It is expected that Africa will continue to be an important market for Vietnamese rice exports in the next few years, with huge potential. In Africa, Ivory Coast, Ghana, Senegal and Cameroon are the main importers of Vietnamese rice. Ivory Coast has always maintained its position as one of Vietnam's important rice import markets on the African continent. At present, Vietnamese rice is mainly exported through Louis Dreyfus, Olam, Phoenix, Platinum, Wilmar, WSGF, Stallion Previously, the rice exported by Vietnam to Africa was mainly long-grain white rice with 15% and 25% broken rice. In recent years, African importers have gradually increased their demand for Vietnamese fragrant rice due to its stable quality and competitive price. Du Henan, vice president of the Vietnam Food Association, said that in recent years, the export growth of Vietnamese fragrant rice in the African market has been good. The Asia-Africa Market Department said that fragrant rice has become one of the fastest growing rice varieties exported by Vietnam to Africa. Therefore, promoting the export of fragrant rice in Africa will be an effective way to increase the total export volume and market share of Vietnamese rice. In order to further promote the export of Vietnamese rice in Africa, the Asia-Africa Market Department believes that in the future, relevant government departments need to continue to improve the rice export management mechanism, adjust export policies according to changes in the market situation, create favorable conditions for export activities, and help enterprises better participate in rice exports and the global rice value chain. At the same time, in order to win the long-term trust of African consumers, enterprises need to take the initiative to improve the quality of exported rice, actively participate in rice trade promotion activities in Africa, and take the initiative to find market information. (End)

(Chinhphu.vn) - According to the Vietnam Commodity Exchange (MXV), at the close of trading on November 12, the world raw material market was clearly differentiated. However, the dominant selling pressure pushed the MXV-Index down slightly by 0.32% to 2,150 points.

Hanoi (VNA) – Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market.