Institutional improvement; Market development; strengthening inspection and control… are solutions the Ministry of Industry and Trade is implementing to control rice exports. The global market is complicated. Information from the Import-Export Department – Ministry of Industry and Trade, recently, the global food trade situation has become complicated and unpredictable due to the impact of many factors such as the ban on rice exports in some countries (India). India, UAE, Russia); El Nino phenomenon negatively affects food and grain production in many areas; Geopolitical developments are still complicated (Russia announced its withdrawal from the Black Sea grain agreement) … This has had a strong impact on global rice supply, raising concerns about security issues. world food as well as affecting the economic recovery trend of many countries when the inflation situation has not improved. The Ministry of Industry and Trade deploys a series of solutions to control rice exports According to the Ministry of Agriculture and Rural Development, in 2023, the whole country planted 7.1 million hectares, the average yield reached 6.07 tons/ha, the output reached over 43.1 million tons, an increase of 452,000 tons compared to the previous year. with the above expected rice output, in addition to ensuring domestic food security, processing, breeding and breeding, Vietnam can export over 7.5 million tons of rice in 2023. In the first 7 months of 2023, the whole country exported 4.83 million tons, leaving about 2.67 million tons for export in the remaining 5 months of 2023. As the unit responsible for state management of rice trade, in the context of unpredictable developments of the global market, and at the same time, implementing the direction of the Prime Minister at Official Dispatch No. 610/CD-TTg dated on July 3, 2023 on strengthening the implementation of tasks and solutions to promote rice production and

Recently, global food prices have been complicated and unpredictable due to the impact of the ban on rice exports in some countries; the El Niño phenomenon negatively affects food and grain production in many areas… which has been impacting Vietnam’s rice production, trading, processing, consumption and export. Summer-autumn rice crop that is about to be harvested is purchased by traders at this time at quite high prices. Ensuring food security In recent times, in some localities, there has been a phenomenon of traders buying and collecting rice massively, pushing up rice price. Especially, in many summer-autumn paddy areas that are about to be harvested, the rice price increases almost daily. Mr. Nguyen Trung Kien, from Luong Tam commune, Long My district, said: “This year, rice prices fluctuated very unexpectedly. Around 10 days ago, I took a deposit from traders for 7,600 VND/kg of OM 18 rice for 4ha of my family’s rice, now the price has reached over 8,000 VND/kg. As for households harvesting rice in July, it is sold for only 6,000-7,000 VND/kg. At current prices, although the summer-autumn crop yields is not high, farmers harvesting at this time are still quite profitable.” The rice export market prospered, rice farmers were even more excited. According to Mr. Kien, at present, traders (paddy broker) still increase their search to buy summer-autumn palay that is about to be harvested at high prices, they even placed the deposit for autumn-winter paddy crop in some localities, even though the rice is in the tillering stage. Dried paddy, which farmers harvested more than half a month ago, sold for about 10,000 VND/kg. This is the highest price that rice farmer have ever sold at this price. According to Hau Giang agriculture, the summer-autumn rice crop in 2023, farmers in the province seeded 75,207ha, reaching

The rice export situation of Vietnamese enterprises in the first 6 months of 2023 emitted positive signals when the total export volume increased by 20.95% and the total turnover increased significantly by 31.62% over the same period in 2022. Table shows export volumn by month: Volumn: thousand tons; turnover: million USD Source: Rice export data for the first 6 months of 2023 compared to the same period in 2022 according to the luagaoviet.com From the beginning of the year to the end of June 30, 2023, Mekong Food Corp has made strong efforts to enter the top 6 largest rice exporters to international markets. The business has a year-on-year growth of 351%. Source: Internal data The total export volume of Mekong in the first half of 2023 accounts for 5% of total rice volume exports of Vietnam. The company exports rice mainly to major markets respectively the Philippines, Africa countries. The business prioritizes the export of key types of rice such as 5% broken rice, DT8, OM5451 … which is favored for consumption in the markets of importing countries. In the upcoming short-term development plan, Mekong Food Corp aims to expand its market to China and some other Southeast Asian countries.