Rice production and trade, Thailand and Vietnam

Rice — South-East Asia

Long-term leased rice fields in Thailand and Vietnam, with milling and the bulk export trade that follows. MIG finances the crop, manages the harvest and contracts the offtake before the field is planted.

Location
Thailand · Vietnam
Status
Active
  • Agro
  • Rice
  • Export Trade

Overview

Rice is MIG’s deepest position in agriculture. We hold long-term leases on rice fields in Thailand and Vietnam and follow the crop all the way to the buyer: planting, harvest, milling and the bulk export trade.

What MIG does

We finance the farmer against the harvest, so inputs and working capital are in place without selling forward at a discount. At harvest we manage collection, storage and quality. Milling turns paddy into export-grade rice, and the offtake is contracted before the field is planted wherever possible — so the revenue that repays the financing is known before the risk is taken.

Milling floor with bulk rice, Thailand
Bulk rice stored in a warehouse before milling
Rice being moved inside a storage warehouse

All portfolio

MIG Corporation Research

The method behind this deal.