Saturday,  Mar 28, 2020,16:27 (GMT+7) 0 0
PM orders suspension of signing new rice export contracts
By Lan Nhi
Wednesday,  Mar 25, 2020,19:14 (GMT+7)

PM orders suspension of signing new rice export contracts

By Lan Nhi

Local farmers harvest rice. The prime minister has ordered local rice exporters to temporarily stop signing new rice export contracts – PHOTO: TRUNG CHANH

HANOI – The prime minister has ordered local rice exporters to temporarily stop signing new rice export contracts and asked the relevant ministries to ascertain the amount of rice in stock and export activities, according to a document issued by the Government Office today, March 25.

Under the prime minister’s instructions, the Ministry of Industry and Trade was assigned to collaborate with the Ministries of Finance and of Agriculture and Rural Development and relevant agencies to establish working teams to inspect rice export contracts and check rice volumes held at warehouses.

The prime minister will adjust rice export activities in line with the prevailing regulations based on the results that are set to be reported to him before March 28.

Apart from this, the prime minister asked the ministries to ensure an adequate supply of rice for residents amid the coronavirus pandemic and climate change.

Earlier, the General Department of Vietnam Customs asked local customs departments to stop allowing rice export from March 24 to ensure national food security amid the fast-spreading Covid-19.

However, the Ministry of Industry and Trade asked the prime minister to allow rice exports to continue shortly after the department’s order over food security concerns.

The ministry had earlier proposed the Government to temporarily halt rice exports due to concerns over a potential rice shortage for domestic consumption, Deputy Minister of Industry and Trade Tran Quoc Khanh said on March 25.

Many localities and firms, however, reported that there is a gap between statistics on rice stocks of residents and rice trading firms.

Therefore, the ministry proposed the prime minister allow conducting a review of rice stocks in the country before any new move on rice export is made, Khanh added.

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