Lộc Trời Group ships over 4,000 tonnes of rice to Europe

HCM CITY — Lộc Trời Group (LTG) has announced that it completed the export of one final batch of rice this year to Europe, including  四, 一 七0 tonnes of jasmine and white rice.

It was also the first batch shipped in the form of bulk carrier to save transport costs amid the pandemic.

LTG is now the only agri-business capable of farming rice on a large scale of at least  一,000ha via cooperatives with the instruction of agricultural engineers and optimal farming process from seed selection to harvest and transport, ensuring the supply of one million tonnes of rice to the market each year.

This year, LTG shipped over  八0,000 tonnes of rice to the EU, the UK, Africa, Australia, the Middle East and Asia, earning over VNĐ 一 trillion (US$ 四 三. 四 七 million), or nearly  二 四 per cent of the group's total revenue.

In September  二0 二0, it was chosen by the Ministry of Agriculture and Rural Development to export the first batch of jasmine rice to Europe under the EU-Vietnam Free Trade Agreement. The company also said it recently had new partners in Sweden and Germany this year.

Its rice export rose by four-fold in both volume and value compared to last year.

In the first nine months of this year, the group’s total revenue topped VNĐ 七. 一 trillion, up  七 九 per cent annually. The after-tax profit was estimated at VNĐ 二 六 二 billion, or  六 六 per cent of the yearly plan. — VNS