Vietnam rice export to Singapore: A considerable development

Vietnam rice export to Singapore is expected to grow well. The fact that Singapore is an International Service Center consolidates the potential growth of Vietnam as it is a door connecting Vietnamese products with Singapore wholesalers.

Vietnam rice export to Singapore: Brief information

The Singapore market has paved the way for Vietnam rice export to flourish in recent years.

Figures of Vietnam rice export to Singapore recently

Singapore is one out of ten markets with the largest turnover in total rice exports of Vietnam.

In 2020, the top 3 rice exporting countries to Singapore successively are Thailand, India, and Vietnam. These three countries remain in the top three positions with a total of 81.39% of Singapore’s rice market share.

2020 witnessed strong growth in the number of imports after the Singapore market slowed down rice import volumes in previous years. 

Key products of Vietnam rice export to Singapore

Vietnamese rice products are chosen by the Singapore market thanks to a reasonable price and consistent quality, one of those are Jasmine rice varieties.  Jasmine rice from Vietnam is being sold in the FairPrice supermarket system for 5.75 USD/5kg, beating many other types of rice from Thailand.

Moreover, Vietnam rice export to Singapore can flexibly be cooked into rice and used to process noodles and vermicelli; while Myanmar rice, although it is nearly 200 USD/ton cheaper than Thai rice, can only be used to process noodles and vermicelli.

Specialized regions producing Vietnam rice export to Singapore

Thanks to fertile soil, 4 specific seasons, and a high level of intensive farming, Vietnam has two main rice-growing areas. The first one is The Mekong Delta – one of the largest deltas in Southeast Asia, making up for 62.9% of the total natural land area of Vietnam.  The Mekong Delta concentrates on rice production and becomes the number one rice production area to meet the demand of Vietnam rice export to Singapore.

The second rice-growing area of Vietnam is The Red River Delta, after the Mekong Delta. In the past, rice production in the Red River Delta focused on high quantity, but now many localities invest in intensive farming, forming concentrated production areas with high quality so as to adapt to the quality requirements of domestic consumers. 

Vietnam rice export to Singapore: Important elements impacting on the market

The quantity of Vietnam rice export to Singapore is affected by many factors resulting from Vietnam’s supply, Singapore’s needs, and other external factors.

Vietnam rice production

Thanks to favorable weather and positive crop structure shifting, new rice varieties with high economic value have gradually replaced traditional rice varieties. Accordingly, this year’s winter-spring rice yield of the whole country reached 68.6 quintals/ha, increasing by 2.2 quintals/ha compared to that in 2020. The rice production reached 20.63 million tons, increasing by 755.1 thousand tons. These figures ensure the ability of Vietnam rice export to Singapore to meet Singapore’s growing demand.

Singapore demand

Singapore’s food source is dependent completely on imports. At the end of 2019 and the beginning of 2020, Singapore increased rice imports for storage, leading to an increase in the volume of 2020 compared to the same period in previous years. In 2020, the total rice import value of the Singapore market is estimated at 384.481 million USD, rising by 30.6% over the same period in 2019. Vietnam rice export to Singapore achieves many inviting chances besides the competitive rice export market Thailand and China.

Transportation

Vietnam rice export to Singapore leans on the condition of the port. The Covid-19 pandemic accordingly brings on port congestion and late delivery. This condition leads to an increase in the logistics fee. As the logistics fee of Vietnamese agriculture currently accounts for 30% of the whole price, the export price inevitably rises. Moreover, the transportation fee is increasing by over 1500 USD/1 40-feet container, leading to a negative impact on the CIF price of Vietnam rice export to Singapore.

How to find reliable supplying sources of Vietnam rice export to Singapore

There are many suppliers participating in this lucrative market so importers should be aware of dependable suppliers to operate with them.

These are some symptoms to identify reliable Vietnamese rice exporters.

• Professional website

A professional website is an important sign to assure customers’ trust. This is the place providing information about suppliers, products and order processes, etc.

• Specialized certificates

Some critical certificates that a supplier should have to export rice to Singapore are HACCP, Sanitary, and Phytosanitary of plant industry, component analysis (especially moisture), quality certification, Fumigation, and certificate of origin.

• Clear address

As Vietnam rice export to Singapore is run by businesses, they must have a clear address to cooperate with. This is a vital thing to verify the presence of a reliable firm.

Vietnam rice export to Singapore: Leading suppliers

Van Loi Food Processing Corporation

Van Loi Food Processing Corp specializes in supplying rice for export, especially Vietnam rice export to Singapore, the product is voted as high-quality Vietnamese export rice, trusted by many agents. 

K-Agriculture Factory

K-Agriculture Factory is a developing company producing many agricultural products to about 100 countries over the world. This supplier of Vietnam rice export to Singapore has the trust of customers in a reasonable price, high-quality products, and good cargo handling. Its factory has 2500 MT/day of milling capacity and 400000 MT of storage capacity. Besides, K-Agriculture Factory possessed HACCP and ISO certificates.

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Hung Cuc Limited Corporation

Hung Cuc possesses modern large-scale rice milling and processing factories for export. It also has  a system of professional distribution warehouses to meet various customer needs for diverse types and production of rice from many prominent markets such as China, Russia, Africa, Taiwan.