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Rice fields in Vinh Phuc province’s Binh Xuyen district. (Photograph: VNA)
Hanoi (VNS/VNA) – The UK market nonetheless has appreciable
room for Vietnamese rice suppliers to spice up exports due to the UK-Vietnam
Free Commerce Settlement (UKVFTA) tariff quota and the Vietnamese neighborhood of extra
than 100,000 individuals within the UK, a senior commerce official has mentioned.
Vietnam ranks fifteenth amongst nations exporting rice to the UK,
making up a modest 0.42% of the whole import turnover to this nation. That
means the door is broad open for Vietnamese rice out there, Nguyen Canh Cuong,
Commerce Counsellor on the Vietnamese Embassy within the UK, informed Vietnam Information.
The UKVFTA took impact on Could 1, 2021, with a preferential tariff
quota granted to Vietnam at a tax fee of 0%, enabling UK patrons to have extra
decisions of rice varieties from Vietnam, Nguyen Van Hieu, Export Director at Loc
Troi Group informed Vietnam Information.
Nevertheless, earlier than having skilled a surge in rice buying energy
from the UK market since January 2022, Loc Troi witnessed an eight-month
off-peak buying and selling interval in 2021 as a result of difficult developments of
COVID-19. “For the reason that pandemic is beneath management, journey between nations
turns into simpler, and curiosity in Vietnamese rice grows up, requests for rice
provides from UK’s companions frequently knocks on our door,” Hieu added.
To additional faucet into the UK market, Loc Troi would proceed to
guarantee its sustainable rice worth chain, with clear planting and residues
management procedures to offer high-quality rice merchandise for the UK market, Hieu
mentioned, including that the precedence would even be given to increasing the rice
planting areas and making use of the planting space code and traceability.
In the meantime, it might nonetheless concentrate on creating beneficial situations
for conventional patrons of Loc Troi within the UK to extend their import volumes
and teaming up with the Vietnam Commerce Workplace within the UK to seek out respected and
succesful middleman companions to carry Loc Troi’s rice merchandise into the UK
hypermarket system.
“The corporate can even take advantage of alternatives to fulfill
new clients at commerce gala’s and seminars,” Hieu informed Vietnam Information.
Turning potential into actuality
Although untapped potentials exist on this market, to show them into
actuality Vietnamese rice growers and exporters must totally apply World
GAP on a big scale whereas selling the manufacturing of high-quality aromatic
rice, in response to Cuong.
He advised the Crop Manufacturing Division, the Plant Safety
Division and authorities of provinces with giant rice-growing areas implement
programmes on supporting farmers in rice varieties, secure agricultural
supplies, milling and rice storage earlier than exporting.
In accordance with different commerce consultants, to create a bigger market
breakthrough and strengthen a sustainable place for Vietnamese rice within the
UK and different main markets, the Vietnamese rice trade ought to implement a
branding technique appropriate for every market.
The nationwide model programme wanted to pick out high-quality and
high-yield rice varieties to call them in a easy, easy-to-remember,
easy-to-pronounce approach together with the place the place the rice was grown (Soc Trang Vietnam
rice, as an illustration) or the title of the creator of that rice selection (like Mr
Cua’s Rice) to register for model safety overseas simply.
In 2020, the quantity of rice imported into the UK rose 13.5%
year-on-year to roughly 763,000 tonnes from 672,000 tonnes in 2019, in
which rice shipped from Vietnam rose to almost 3,400 tonnes, price 2.67 million
USD, from 1,300 tonnes, valued at over 1.29 million USD.
Cuong mentioned Vietnamese rice exports to the market in 2020 noticed
spectacular will increase of 116% in quantity and 106% in worth in comparison with the
earlier yr.
Nevertheless, the UK rice imports noticed a year-on-year decline of 15% to
652,000 tonnes in 2021. The corresponding import worth decreased 8%
year-on-year to 574.7 million USD from about 520.6 million USD in 2020.
Final yr, the rice provide from Southeast Asia additionally decreased
considerably, with rice from Thailand dropping 43%, Myanmar (63%), and
Cambodia (51%).
Regardless of a decline of 20% in rice export quantity to the UK,
totalling over 2,730 tonnes in 2021, Vietnam’s export worth continues to be up 4%
year-on-year to round 2.76 million USD, due to a hike in exported costs.
Amongst Southeast Asian nations that exported rice to the UK in
2021, Vietnam loved the best common unit value at 1,012 USD per tonne,
whereas that of rice from Thailand, Cambodia and Myanmar stood at 999 USD, 991 USD
and 502 USD per tonne, respectively.
Vietnamese rice within the UK is especially offered to the Vietnamese
neighborhood and a part of the Chinese language, Thai, Malaysian, and Filipino communities.
Fashionable Vietnamese rice manufacturers within the UK embrace Golden Lotus Premium Jasmine
Rice, Longdan Rice, Buffalo Saigon Aromatic Rice and Buffalo Model Northern
Vietnam Glutinous Rice.
In accordance with Cuong, his workplace has carried out a variety of
actions to advertise the Vietnamese rice commerce within the UK, together with connecting
rice importers within the UK with Vietnamese rice exporters, taking part in
fixing administrative procedures for Vietnamese rice exporters and British
rice importers, organising six occasions on selling some Vietnamese rice
merchandise along with offering info to home enterprises concerning the
demand and tastes of rice consumption within the UK and UK rules on trademark
registration.
Vietnam is at present one of many 5 largest rice exporters within the
world. The Southeast Asian nation shipped 3.52 million tonnes of rice within the
first half of 2022, incomes income of 1.72 billion USD, up 16.2% in quantity and
4.6% in worth over the identical interval final yr, in response to the Ministry of
Agriculture and Rural Growth.
The Vietnam Meals Affiliation has forecast that regardless of the
fluctuating import market and robust competitors, the nation’s rice exports
are estimated at 6-6.2 million tonnes, equal to that in 2020 and 2021, and
to earn 3.2 billion USD in income./.
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