Vietnam: we can steal rice-exporting crown in 2012

A Thai worker loads rice into a 50 kg bag at a rice mill on April 22, 2008, in Suphan-Buri, Thailand.</p>

A Thai worker loads rice into a 50 kg bag at a rice mill on April 22, 2008, in Suphan-Buri, Thailand.

In our recent Rice 2.0 series, we hinted that Vietnam could very well beat out Thailand to become the world's top rice exporter.

Severe floods and a government scheme to buy up as much grain as farmers can produce -- and thus their loyalty -- has already cut down on Thai exports.

Now, Vietnam experts claim they can out-export Thailand in 2012, according to VietnamNet. Part of their winning strategy, the outlet suggests, could be nosing in on Thailand's coveted high-grade rice market. (Thailand is known for its "fragrant jasmine," the champagne of rice grains.)