Halting rice exports to stabilise food supplies On March 25, the Government Office issued Document No.2280/VPCP-NN on assessing the supply and situation in the rice export industry. Accordingly, Prime Minister Nguyen Xuan Phuc assigned the Ministry of Industry and Trade (MoIT) to lead and co-ordinate with the Ministry of Agriculture and Rural Development and the Ministry of Finance (MoF) to establish inspection teams to work with localities and exporters to monitor supply, reserves, and contract implementation. This move was implemented after continuous but contradictory proposals from the MoIT and the MoF regarding suspending rice exports, to ensure that there is sufficient rice for the domestic market in the event that the coronavirus pandemic continues to spread. Commenting on the government’s new move, Huynh Thanh Ngan, founder of Hapi Agricultural Organic Trading and Production Co., Ltd. told VIR, “It’s ok to stop signing new contracts, but forcing us to immediately renege on existing deals gives us difficulties.” According to Ngan, although a decision has been made on exporting rice, it has pushed companies, dealers, and farmers into difficulties. Right now, her company has eight contracts, under which 3,000 tonnes of organic rice must be exported as scheduled in March and April,… Read full this story
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