Vietnam Agricultural Products

      Rice is one of the basic goods consumed in Africa and mainly the white type of rice. But even so, some countries consume it more than others. While rice is also locally produced in Africa, it is never enough to supply for all the demand on the market. Rice production in Africa is constantly increasing, and the authorities try to find the funds to support this industry as well. Some African countries like Benin try to improve their rice production, but they are also exporting it to Nigeria. And the examples go on and on because this is a common practice within the African continent. But since one country is exporting to another, the entire African continent still needs foreign investors to add rice into the local markets. This product is so popular because it is easy to cook and comes at an affordable price, especially for the urban population. The importance of rice grew along the history and is becoming even more relevant in nowadays society. Many African c...

  Vietnam properly grasp the demand for rice in the world According to the latest updated forecast information in July of the US Department of Agriculture, the world's rice production in 2020 is estimated at 495.2 million tons, down about 0.3% compared to 2019. World rice consumption in 2020 is estimated at 490.4 million tons, an increase of about 1.3% compared to 2019. According to the Ministry of Industry and Trade, with the advantages of the market, especially the high world rice demand since the outbreak of COVID-19, Vietnamese rice enterprises are having the opportunity to increase output and export prices of rice. In fact, Vietnam has seized the opportunity when the demand for rice increases, when in two consecutive crops of Winter-Spring 2019-2020 and Summer-Autumn 2020, Vietnam's rice output increased. At the right moment, the price of rice for export in the world continues to rise because of the purchasing demand of many countries for reserve and disease prevention...