Among many famous types of Vietnamese rice for export, jasmine rice is an outstanding name. During recent years, wholesale Vietnamese jasmine rice has been developing significantly, reaching markets such as the EU and the USA.
- 1 Wholesale Vietnamese jasmine rice: an overview
- 2 Types of wholesale Vietnamese jasmine rice
- 3 Wholesale Vietnamese jasmine rice: reasons to choose
- 4 Top 5 wholesale Vietnamese jasmine rice exporters
- 4.1 Sunrise Ins Group – wholesale Vietnamese jasmine rice exporter
- 4.2 K-Agriculture Factory – wholesale Vietnamese jasmine rice exporter
- 4.3 Loc Troi Group – wholesale Vietnamese jasmine rice exporter
- 4.4 Vilaconic – wholesale Vietnamese jasmine rice exporter
- 4.5 Angimex – wholesale Vietnamese jasmine rice exporter
Wholesale Vietnamese jasmine rice: an overview
Jasmine rice is a leading product of Vietnamese rice export, adding considerable value to the total turnover. In 2020, jasmine rice and fragrant rice made up 32.9%, equivalent to one-third of the whole rice export volume. Vietnam is the second-largest rice exporter (after Thailand), accounting for 23% of the world’s wholesale jasmine rice trade.
Wholesale Vietnamese jasmine rice is widely favored in many countries. Three major importers are the Philippines with 21.9%, Ghana with 19.8%, and Ivory Coast with 16.8%. Recently, wholesale Vietnamese jasmine rice has reached the EU, accounting for 48% of the 2019 Vietnamese rice export to this market.
Having premium quality, the export price of wholesale Vietnamese jasmine rice is higher than the other rice types. At the beginning of 2021, 16 thousand tons of wholesale Vietnamese jasmine rice were exported to Singapore and Malaysia, with a price of 680-750 USD/MT. At the same time, 3 thousand tons of wholesale Vietnamese jasmine rice to Germany cost 600 USD/MT.
During 5 years from 2016 to 2020, the price of wholesale Vietnamese jasmine rice has fluctuated, averaging 492.82 USD/MT. 2018 recorded a peak in Vietnamese jasmine rice’s export price, which was 538.8 USD/MT because of increasing demand from the Philippines. In the same year, 250 thousand tons of rice in the Philippines were lost due to super typhoon Mangkhut, leading to high domestic rice prices (15% higher than 2017). Therefore, the Philippines increased the import quota for rice, especially wholesale Vietnamese jasmine rice, to replenish stockpiles and stabilize domestic rice prices.
Recently, EVFTA brings many good impacts on the price of Vietnamese rice, especially wholesale Vietnamese jasmine rice. Before the EVFTA took effect, the price of Vietnamese jasmine rice exported to the EU was 520 USD/MT. The tax reduction has boosted wholesale Vietnamese jasmine rice to 600 USD/MT in 2021.
Types of wholesale Vietnamese jasmine rice
Having favorable conditions for rice production, experts have developed many jasmine rice varieties for wholesale, consumed in the USA, the Philippines, and the EU.
- Jasmine 85 is the most popular wholesale Vietnamese jasmine rice, originating from the Philippines. Jasmine 85 has been cultivated in the Mekong Delta since 1992. This rice is a short-term variety, with the growing time from 95 to 100 days, ensuring stable supply chains for export.
- OM 5451 is selected from the hybrid combination between Jasmine 85 and OM 2490. Its growing period is about 90-100 days in the summer-autumn crop and 88-93 days in the winter-spring crop.
- OM 4900 is bred from Jasmine 85 and Lemont C53. Its productivity can be 7-8 tons/winter-spring crop, and 5-7 tons/summer-autumn crop.
The Mekong Delta is the biggest supplier of wholesale Vietnamese rice when 90% of the region’s rice is for export, especially wholesale Vietnamese jasmine rice. The sufficient rice supply chains of the Mekong Delta are from its large rice-growing area. In 2019, 4068.9 thousand ha were used for rice cultivation, accounting for 54.5% of Vietnam’s rice-growing area, producing 24.3 million tons.
Wholesale Vietnamese jasmine rice: reasons to choose
In the jasmine rice trade, Thailand is the major competitor to Vietnam. As the homeland of jasmine rice, Thailand is the biggest exporter, accounting for 30% of the world’s fragrant rice trade. However, wholesale Vietnamese jasmine rice asserts its position due to reasonable prices and stable quality.
According to the Thai Rice Export Association, the price of wholesale Vietnamese jasmine rice was more affordable than Thai Hom Mali and Cambodian fragrant rice in 2019. In particular, Vietnamese jasmine rice cost 597 USD/MT, while Thai Hom Mali cost 950 USD/MT, and Cambodian Rumduol rice cost 800 USD/MT.
The big gap in export price between wholesale Vietnamese jasmine rice and Thai Hom Mali is mainly from high logistic charges in Thailand. Transportation costs from Thailand to Africa increased to 5000 USD per 20-feet container, leading to a considerable rise in this country’s rice prices.
Stable quality of wholesale Vietnamese jasmine rice
Even though the price of wholesale Vietnamese jasmine rice is only half that of Thai jasmine rice, there is no difference in the quality of both rice.
Wholesale Vietnamese jasmine rice satisfies strict standards in many difficult markets such as the EU. Both the Vietnamese government and rice enterprises focus on improving their jasmine rice production process, meeting global requirements to enhance the quality and value of wholesale Vietnamese jasmine rice.
Top 5 wholesale Vietnamese jasmine rice exporters
Rice export is one of the main industries in Vietnam. Therefore, there are many reputable Vietnamese rice exporters of jasmine rice.
Sunrise Ins Group – wholesale Vietnamese jasmine rice exporter
Established in 2012, Sunrise Ins Group has built a wide distribution system in both the domestic and global markets. Wholesale Vietnamese jasmine rice is a leading product of Sunrise Ins Group. Besides, the company also offers many rice types such as ST rice, KDM, Japonica, and medium-grain rice.
K-Agriculture Factory – wholesale Vietnamese jasmine rice exporter
K-Agriculture Factory is a good choice for people who want to import wholesale Vietnamese jasmine rice. Having 25 years of experience, K-Agriculture Factory is a trustworthy exporter of foreign customers in Dubai, China, the USA, etc. They are satisfied with the premium of Vietnamese jasmine rice and professional services from K-Agriculture. In 202, K-Agriculture Factory cooperated with the Ministry of Industry and Trade to start a national project that is to bring the finest Vietnamese agricultural products to the international market.
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Loc Troi Group – wholesale Vietnamese jasmine rice exporter
During 28 years since its establishment, Loc Troi Group has become a pioneer in supplying the best wholesale Vietnamese jasmine rice. Now, many products including Vietnamese jasmine rice labeled by Loc Troi Group are present in more than 40 countries. To improve rice quality, the company applies advanced technologies in the rice process and works with farmers to enhance rice-growing skills and the environment.
Vilaconic – wholesale Vietnamese jasmine rice exporter
Another reliable wholesale Vietnamese jasmine rice exporter is Vilaconic. The company has been distributing Vietnamese rice and spices to big markets such as China, the Middle East, Africa, and the EU. Their products are highly estimated by customers and certified by global standards.
Angimex – wholesale Vietnamese jasmine rice exporter
Wholesale Vietnamese jasmine rice of Angimex reaches many difficult markets including the EU, the USA, and Asian countries. Angimex has a system of food processing plants spread throughout key raw material areas, with convenient transportation, and warehouses with a capacity of up to 100,000 tons. In addition, the company also has a system of drying, milling, and polishing rice and color separators with modern technology.
Wholesale Vietnamese jasmine rice, with competitive advantages in prices and quality, is becoming a leading product in the world’s rice trade.