The first batch of American rice arrived in China

 And Vietnam and other countries "face to face "! The first batch of American rice has arrived in China at a cost of only 2 yuan per catty

The United States has long wanted to export its own rice to China. After more than a decade of communication, China finally gave a green light to American rice in 2017, but because of changes in the international environment, American rice has been slow to lose successfully to China. At present, the United States is finally looking forward to this day —— the first batch of American rice has arrived in Xiamen, China and completed customs clearance.

The first batch of American rice will be sold in China at a cost of only about 2 yuan per catty?

According to the Global Times, as one of the world's four largest grain traders, ADM Asia Pacific President Liu Yuxiang said the first U.S. rice exported to China had arrived in Xiamen and cleared customs. According to reports, the first batch of rice imported to China came from California, ADM as a supplier has held several rice promotion meetings in Shenzhen, Shanghai and other major cities.

ADM will hold a small trial sale meeting with dealers for the first batch of American rice in the near future in order to accelerate its entry into the Chinese rice market. Liu Yuxiang pointed out that American rice will supplement the Chinese market and provide people with a more diversified taste choice. Once recognized by consumers, it is believed that it will sell well through trade.

Earlier, because the two countries' rice standards are different, the United States rice failed to meet the requirements for Chinese market exports, such as the United States did not set standards for rice cadmium, arsenic content, and both elements in China have standards. However, as the two sides agreed on the inspection and quarantine requirements for rice export to China, the problem was solved. In December 27,2018, China officially announced that it would allow American rice to be exported to China.

For ocean-going American rice, presumably, most people will feel strange, but also more curious about the price? It is understood that due to the influence of diverse ethnic groups in society, the United States market has a very large variety of rice, both in line with the Indian taste of slender grain rice, but also full-grain, taste like rice in northeast China.

As for the price, according to the USDA data in October, the export price of long grain finished rice in the United States is about $625 per ton (about 4135 yuan). Conversion, the cost per catty is about 2 yuan. Even if you consider adding intermediate links such as dealer price increases and logistics costs, the terminal retail price of rice in the United States is not expected to be too expensive.

Looking at 140 million tons of Chinese rice market, can the United States compete for Vietnamese rice?

It seems that the price of rice in the United States is even more competitive than some domestic rice, will this affect Chinese rice?

China is the world's largest producer and consumer of rice. According to US official estimates, China consumes 146 million tons of rice in 2020, but imports only 2.546 million tons of rice. In other words, Chinese rice mainly depends on self-sufficiency, and foreign rice is difficult to have a real impact on Chinese local rice. Moreover, the annual output of rice in the United States is about 7 million tons, and the quantity of exports is limited.

From this Sino-US trade war, our country can see clearly that key industries depend on themselves and can not rely on others.

Advanced manufacturing industry, precision mold manufacturing, grain industry is the same.

The biggest beneficiary of the Sino-US trade war

 Great! In just eight and a half months, Vietnam's trade surplus exceeded $10 billion, surpassing the full year of 2019

Great! In the context of the global pandemic of the new crown pneumonia epidemic and the fact that trade in most countries has not returned to normal levels, Vietnam's foreign commodity imports and exports have achieved good results. Data show that as of August 15,2020, Vietnam's total imports and exports reached $310.4 billion.

 As exports grew faster than imports, Vietnam's trade surplus expanded —— Vietnam's total merchandise exports amounted to $160.2 billion, imports were about $150.2 billion, and the trade surplus had just exceeded the $10 billion mark, surpassing the 2019 trade surplus.

 CNMOULDING found that in 2019, Vietnam's total import and export of foreign goods was about $516.96 billion, exports were $263.45 billion, imports were $253.51 billion, and the trade surplus was $9.94 billion —— compared with $10 billion in the eight and a half months of this year.

Why is Vietnam's commodity trade so strong against a backdrop of a global economic downturn and difficult external demand to boost? This is because Vietnam has a grand goal to develop into a prosperous, prosperous, prosperous and stable developed country by 2045.

 This ambitious goal is divided into two stages, first, by 2030, Vietnam will enter the ranks of high-income countries in the world; second, after more than ten years of struggle, Strive for 2045 or so (that is, Vietnam's 100th anniversary of independence), develop into a developed country.

 The Vietnamese authorities have worked so hard to achieve these two goals, and the time is so tight. As a result, most countries are suffering from the current economic and trade epidemic, but Vietnam's economy in the first half of the year achieved 1.81% growth, the first eight and a half months behind the record trade surplus.

Vietnam's free trade agreement with the European Union has come into effect. Although the two sides have not actively promoted the implementation due to the current epidemic, they believe that Vietnam's trade with the European Union will show "exponential growth" in the near future, and will also promote the rapid economic growth of Vietnam.

 Besides, the "RCEP"" of the ten ASEAN countries, including Vietnam, China, Japan, South Korea, Australia and New Zealand, are also actively promoting. The other side said it would formally sign the agreement by the end of this year to promote free trade as soon as possible and is still actively soliciting India to join.

 Vietnam will have a huge new export market in 2021—— including China, Japan, South Korea and so on, with a population of more than 2 billion and GDP more than $24 trillion. If India eventually joined, the market would be even bigger, and Vietnam's trade would be a "tonic ".

Vietnam's low-end labor-intensive manufacturing industry, whether to maintain years of high growth is also unknown. The trade war between China and the United States has led to a large number of enterprises moving to Southeast Asia, of which Vietnam is the most beneficial. Of course, high-end products still need to be produced in China, such as precision medical injection molding products, large mold manufacturing.

 Chinese counterparts must take this development seriously