Tân Long’s rice processing plant. — Photo VNA

Viet Nam’s Tan Long Group has won three contracts to sell 50,000 tonnes of Japonica rice to Korea Agro-Fisheries & Food Trade Corp of South Korea, 70 per cent of the bidding volume. Tan Long has entered the rice export market in recent years.

Its rice processing plant is located in Lap Vo District in the Mekong (Cuu Long) Delta province of Dong Thap with a capacity of 180,000 – 200,000 tonnes of rice per year.

The company’s traditional markets are the Philippines, Indonesia and Malaysia. Recently, it has been able to access South Korea – a choosy market with strict regulations on quality and date of delivery.

Japonica is a high-quality round grain variety, which has been cultivated in the Mekong Delta for the past 10 years.

Since late 2016, Tan Long Group has won bids to provide this kind of rice to South Korea. In 2017, the group won two contracts to export more than 41,000 tonnes of rice to the market. — VNS