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Trade ministry proposes resuming rice exports

The Ministry of Industry and Trade (MoIT) has asked the Government to resume rice exports. However, the export volume would be limited at 800,000 tonnes for April and May.
Trade ministry proposes resuming rice exports ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) - The Ministry of Industry and Trade (MoIT) has asked the Government to resumerice exports. However, the export volume would be limited at 800,000 tonnes forApril and May.

Minister of Industry and Trade Tran Tuan Anh on April 6 sent an urgent official dispatch to Prime MinisterNguyen Xuan Phuc after collecting opinions fromrelevant ministries and agencies relating to rice export management.

Accordingly, the MoIT proposed to allow rice exports butstrictly control monthly quota after careful consideration to ensure foodsecurity amid the COVID-19 pandemic.

The plan takes into accountsuitable solutions to maintain rice production to ensure economic growth whileensuring food security.

Especially, the plan was alsobased on the official announcement from the Ministry of Agriculture and RuralDevelopment on the rice volume of 3.2 million tonnes which could be exported inthe winter-spring crop. This is the remaining quantity after ensuring normaldomestic consumption and reserves.

The ministry said the countryshipped around 1.7 million tonnes of rice under signed export contracts as ofMarch 31. Therefore, the rice export volume in the future would be 1.5 milliontonnes. Meanwhile, the total rice reserves in the next two months before thesummer-autumn crop would be 700,000 tonnes.

Notably, the rice exports wouldbe only allowed through international border gates including road, railway,seaway and airway which were connected to the General Department of Customs forobservation.

In addition, the ministryrequired the 20 biggest rice exporters to sign agreements with at least asupermarket system to ensure food reserves for circulation. The MoIT could revoke the licences for riceexports if exporters do not meet the requirement.

Earlier, the Governmentannounced on March 25 to ban signing new rice export contracts to ensuresufficient domestic supplies to cope with the COVID-19 pandemic./.
VNA

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