Indonesia - Vietnam's second largest rice importer - has just announced a tender for nearly half a million tons of rice, requesting delivery in October and November.

The Indonesian National Logistics Agency has just announced a tender for September rice with a quantity of up to 450,000 tons - the highest tender ever - of 5% broken white rice produced in the 2024 crop year (milled no more than 6 months).

According to Indonesia's requirements, the rice must be sourced from Vietnam, Thailand, Myanmar, Cambodia, Pakistan and will be delivered in October and November.

As of the first 6 months of the year, Indonesia was Vietnam's second largest rice import market with a growth rate of 44% over the same period last year with an import volume of nearly 709,000 tons.

According to the Vietnam Food Association (VFA), the export price of 5% broken white rice from Vietnam is currently at 563 USD/ton, equal to that of Thailand and 26 USD/ton higher than that of Pakistani rice of the same quality; about 10 USD/ton lower than the end of August.

According to customs data, in August, Vietnamese enterprises exported 837,000 tons of rice, earning 502,000 USD; down 6% in volume and nearly 5% in value compared to the same period last year. In the first 8 months of the year, Vietnam exported 6.06 million tons of rice, earning nearly 3.8 billion USD; up 4.7% in volume and 20.5% in value.

According to data from the Ministry of Agriculture and Rural Development,   storm number 3   (Storm Yagi) has caused 190,358 hectares of rice to be flooded and damaged. Talking to reporters, Mr. Nguyen Nhu Cuong - Deputy Director of the Department of Crop Production (Ministry of Agriculture and Rural Development) - commented that although the rice export granary is located in the Mekong Delta region, the heavy damage from storm No. 3 and the ongoing floods in the northern provinces could affect Vietnam's rice production.

The Ministry of Agriculture and Rural Development is currently continuing to compile the damage. The Ministry has also issued an official dispatch to the People's Committees of the provinces and centrally-run cities in the Northern region to guide farmers on how to restore production after storms and floods, including rice.

Experts also expect that rice export output will remain stable thanks to new rice varieties with high productivity and quality, and with increased imports from partners.   rice export   Our country will still achieve the set goals.

The Ministry of Agriculture and Rural Development said that the 2024 summer-autumn crop in the Mekong Delta has basically completed the planting plan, reaching about 99% with 1.469 million hectares of rice. The recent harvest achieved an impressive output of 6.2 million tons. Localities are actively implementing the 2024 autumn-winter crop with 546,000 hectares planted and the 2024 winter-spring crop with 7,000 hectares planted.