Two ministries discussed solutions to implement the Prime Minister’s official dispatch issued Tuesday on boosting rice exports and ensuring market stability after top buyers, including Indonesia and the Philippines, suspended rice imports.
Prime Minister Phạm Minh Chính on Tuesday signed an official dispatch ordering ministries, agencies and localities to step up measures to promote rice production and export while ensuring domestic market stability.
The MoIT requested that the People''s Committees of provinces and cities review and promptly compile information and feedback from the business community regarding any difficulties or obstacles arising, in order to report and propose appropriate solutions.
The pause could disrupt signed contracts, increase inventories and pressure on exporters'' liquidity as well as directly impact farmers’ incomes, as the Philippines accounts for 40-45 per cent of Việt Nam’s annual rice export value, said President of the Việt Nam...
The inspection team will focus on enforcing legal regulations related to rice export business activities in the Mekong Delta region, addressing violations while reviewing market supply and demand, as well as pricing.
Rice prices are ping on the psychology of waiting for clearer market trends from rice import plans of importing countries, and the coming harvest season.
The price of rice continued declining during the first quarter of this
year, creating problems for rice exporters despite an increase in rice
export volume.