Multiple orders from main markets
Recently the Can Tho-based Trung An Rice Company won the bid to sell two lots of long-grain brown rice to the Republic of Korea (ROK). One lot has a volume of 11,111 tonnes at a price of US$572 per tonne and the other is 11,111 tonnes at US$578.5 per tonne.
If shipping, loading and customs clearance fees are excluded, the price is around US$500 per tonne, which is a relatively good price. One lot will be delivered to Incheon Port in September while the other to Ulsan Port in October.
It is the second time that Trung An has secured a rice order from the ROK, with the company having sold 33,458 tonnes to this market in total. The ROK is one of the markets for high-quality rice, therefore the consecutive orders to export rice to the country indicate the improved quality of Vietnamese rice.
In addition to the ROK, Vietnamese rice has also successfully…
