SS Rice News Convention 2024 is being held at the Ariyana Convention Centre Da Nang from March 6 to 8, with the participation of more than 400 exporters/importers and supporting service providers, leading experts and researchers in the rice industry from 30 countries.

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In an effort to build a network of rice market participants wired to the latest developments in the global rice market, the SS Rice Convention 2024 aims to bring together all elements of the global rice market, from farm to fork with the event's primary mission to bring industry participants from across the supply chain supporting the world rice trade for the opportunity gain insights to market developments and outlook and understand the risk, opportunities from an event that aims to build a better awareness as well as to improve communications within the rice trading community.  

At the event, delegates focused on analyzing and discussing market trends, updating India's rice export policy, exploring alternative global rice supplies, especially from Southeast Asia, freight markets and shipping trends supporting global rice trade, the price trends of rice markets, recommending solutions and plans to support rice market development in 2024. Within the framework of the event, the organising committee arranged an exhibition area to display products and services of the rice trade chain from rice-producing countries.

According to the Import-Export Department under the Vietnamese Ministry of Industry and Trade, Viet Nam's rice industry has had outstanding growth and strong transformation in rice production and export, expanding the market, enhancing the position of Vietnamese rice in more than 180 countries and territories all over the world. In 2023, rice export turnover reached US$4.78 billion, up 36.6% over the previous year and reaching the highest export level in many years.

In 2024, it is forecast that rice prices will increase due to tight supply. The rice market is expected to continue to tighten due to India's export restrictions and the negative impacts of the El Nino weather phenomenon on main rice growing areas. This is a great opportunity and challenge for Vietnamese industry and businesses.

Reporting by VAN HOANG - Translating by A.THU