At the conference summarizing the Industry and Trade sector of Dong Thap province in 2024, the Department of Industry and Trade of Dong Thap province said that in 2024, the province’s export turnover in 2024 is estimated to reach 2 billion USD, an increase of more than 53% compared to 2023, reaching more than 142% of the annual plan. Of which, Dong Thap province’s rice export is estimated at 1,366,000 tons, an increase of 157.59% compared to 2023, reaching 227.67% of the 2024 plan; export turnover reached 865 million USD.

Ms. Vo Phuong Thuy, Director of the Department of Industry and Trade of Dong Thap province, said: “This is a year in which Dong Thap has quite impressive growth in exporting rice abroad. India’s continued maintenance of rice export restrictions to stabilize the domestic market, along with reduced supply in some rice exporting countries due to El Nino, has pushed up world rice demand and prices.”

Continuing the impressive growth momentum in 2023, the province’s rice exporting enterprises are increasingly focusing on improving product quality and improving processing technology lines to meet the high standards of export markets.

On the other hand, the demand for rice imports from traditional markets is increasing, while the major rice exporting country India is still maintaining a ban on white rice exports. Therefore, the province’s rice exporting enterprises are increasing purchasing and processing to create a source of goods for export, so the processing output in 2024 will continue to grow.

The province currently has about 174 enterprises operating in the field of rice milling and polishing, with an estimated rice milling and polishing output of 2.1 million tons in 2024, an increase of 17.25% compared to 2023. The main rice export market is Asia, accounting for the highest proportion, followed by Oceania, and the rest are other continents. In addition, proactively implementing the Restructuring Plan for key industries (rice, mango, lotus, ornamental flowers, pangasius) and the Digital Transformation Project for the agricultural sector, focusing on improving productivity, quality, and efficiency of production and business of agricultural, forestry and fishery products, contributing to the total added value of the entire industry in 2024 of Dong Thap estimated at VND 21,956 billion, up 3% over the same period in 2023

According to the Department of Agriculture and Rural Development of Dong Thap province, the crop cultivation sector continues to develop, with the production value in 2024 estimated at VND 30,858 billion, equal to 98.5% of the annual plan, up 2.4% over 2023.

In particular, the province develops the rice industry in a sustainable direction through developing concentrated production areas of high quality, food safety and hygiene and focusing on synchronous application of solutions to reduce production costs.

Accordingly, the rice cultivation area for the whole year is estimated at 495,935 hectares, equal to 100.1% of the 2024 plan and the production value is estimated at VND 18,362 billion, up 14.4% over the same period in 2023 and equal to 116.1% compared to the 2024 plan (equivalent to exceeding VND 2,542 billion). With a stable consumption market and quite high selling prices, the average profit is VND 27.3 million/ha/crop, an increase of VND 3.6 million/ha over the same period.

For crops, the province recommends developing specialized crops with food safety and hygiene standards, shifting varieties for high economic efficiency and encouraging crop rotation on rice land. Accordingly, the total planting area for the year is estimated at 32,171 hectares, equal to 91.7% of the annual plan and the production value is estimated at 3,440 billion VND, up 1.2% over the same period. The consumption situation is stable, the average profit is 63-109 million VND/ha (chili alone has a profit of 411 million VND/ha), an increase of 28-88 million VND/ha compared to 2023.

Source: VNECONOMY.VN