Australia”s largest rice producer eyes enlargement in Vietnam

Australia’s largest rice distributor and producer SunRice, which accounts for over 90 per cent of the Australian rice market, plans to develop its footprint in Vietnam.

Australia's largest rice producer eyes expansion in Vietnam

The data was shared by Paul Serra, CEO of SunRice in a gathering with Prime Minister Pham Minh Chinh in Canberra, Australia on March 8. The assembly was scheduled as a part of PM Chinh’s official go to to Australia, slated for March 7-9.

Sharing concerning the group’s presence in Vietnam Serra famous,“In 2008, SunRice bought the controlling stake at Lap Vo rice processing mill in Dong Thap with a processing capability of 260,000 metric tons per yr. Since 2022, SunRice has partnered with the Australian Centre for Worldwide Agricultural Analysis to implement the challenge on the Mekong Delta sustainable rice worth chain improvement. The challenge goals to develop high-yield, high-quality, and sustainable varieties for worldwide markets.”

The CEO additionally briefed on SunRice’s funding and enterprise state of affairs in Vietnam and shared the enlargement plan going ahead. He stated he appreciated Vietnam’s ongoing challenge to develop a million hectares of high-quality and low-emission rice within the Mekong Delta by 2030.

PM Chinh stated he hoped that the group, with its community and affect, will assist Vietnamese corporations join with Australian counterparts to boost Australia-Vietnam cooperation within the agricultural sector in direction of inexperienced manufacturing and wholesome competitors.

The PM expects that SunRice will proceed to develop investments and facilitate the event of the rice provide chain in Vietnam. He suggests the group bolster know-how switch and partnerships with Vietnamese companies, working straight with farmers to stabilise enter and output in addition to constructing warehouses, thereby contributing to rising the yield, added worth, and high quality of Vietnamese rice.

He additionally proposed SunRice to assist Vietnamese merchandise make deeper penetration into the worldwide provide chain, particularly within the Halal meals trade, creating livelihoods to enhance folks’s lives and contributing to socioeconomic improvement.

As well as, he additionally referred to as on the group to discover the opportunity of increasing its operation for different Vietnamese agricultural merchandise, equivalent to fruit and seafood.

SunRice is a consumer-focused international meals group comprising a number of companies. It was constructed by the Australian rice trade over many a long time in the past, and at this time it’s one among Australia’s main branded meals exporters.

With revenues exceeding $1 billion and operations and markets spanning the globe, SunRice provides greater than 50 nations with various and nutritious meals merchandise, and its operations and belongings span Australia, New Zealand, the Center East, america, Papua New Guinea, the Pacific Islands, and Asia.

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By Vy Bui

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