Rice exports from Dong Thap Province in Vietnam will achieve significant growth in 2024

India's continued restriction on rice exports to stabilize its domestic market and the decline in rice production in other exporting countries due to the El Niño phenomenon have led to an increase in global demand and prices. This has presented a opportunity for rice export enterprises in Dong Thap Province to boost their exports and increase farmers' income. These enterprises plan to maintain strong growth, improve product quality, and update processing technology in 2023. Traditional rice import markets are experiencing increased demand, especially with India's ban on white rice exports. True Import and Export Co., Ltd. in Dong Thap Province is one of the main rice export enterprises, with its products sold in Asian and European markets.

Wu Fangshui, director of the Department of Industry and Trade of Dong Thap Province, said that India continues to maintain measures to restrict rice exports in order to stabilize the domestic market. At the same time, the rice production of some rice exporting countries has declined due to the El Niño phenomenon, pushing up world demand and prices. Rice export enterprises in Dong Thap Province seized this opportunity to increase rice exports and increase farmers' income. In 2023, rice export enterprises in the province will continue to maintain a strong growth momentum, attach importance to improving product quality and improving processing technology to meet the high standards of the market. On the other hand, the demand for rice imports in traditional markets has increased, while India, a major rice exporter, still maintains a ban on white rice exports. Therefore, rice export enterprises in the province have increased their procurement and processing efforts to ensure export ...