Exports of ST25, ST24 rice surge

23-Jul-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

Exports of ST25 and ST24 rice, two Vietnamese rice varieties that were the top winners at global rice competitions, have achieved impressive growth.

Data of the General Department of Vietnam Customs showed that Vietnam exported nearly 3 million tons of rice worth US$1.64 billion in the first half of 2021, falling 14.8 percent in volume and 4.7 percent in value compared with the same period last year.

However, exports of ST25 and ST24 rice surged although these are two new varieties.

In the first five months of 2021, Vietnam exported 23,560 tons of ST24 rice and 2,570 tons of ST25 rice, soaring 800 percent and 1,470 percent year-on-year, respectively.

Some 90 percent of Vietnam’s ST24 rice was exported to China, while almost 100 percent of ST25 rice was shipped to the United States.

Nguyen Thanh Phong, director of Van Loi, a rice trading and exporting company, said that exports of the two premium rice varieties would continue to surge in the near future if Vietnam maintains the quality of rice and has effective marketing strategies.

Phong expected that ST25 and ST24 rice will be exported to many other countries besides the US and China.

The ST25 rice variety was crossbred in the Mekong Delta province of Soc Trang by a three-member team of two agriculture engineers—Ho Quang Cua and Nguyen Thi Thu Huong—and Dr. Tran Tan Phuong.

It was crowned the world’s best rice at the World’s Best Rice competition on November 12, 2019, the first time that Vietnam won the highest award at the contest, which is organised by The Rice Trader, a publication that provides in-depth analysis of the global rice industry.

Meanwhile, ST24 rice ranked second among the three most delicious rice varieties in the world at the ninth World Rice Conference in Macau from November 6 to 8, 2017.

However, it has been found that the ST25 rice trademark has been registered for protection at the United States Patent and Trademark Office by some foreign companies. Although investigations into the case have not been concluded, it showed that ST25 is the favorite rice of the US

https://english.thesaigontimes.vn/83273/exports-of-st25-st24-rice-surge.html

 

Category: Economy, Vietnam

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