Agriculture ministry urges rice export boost amid global price surge

August 03, 2023

HCMC – The Ministry of Agriculture and Rural Development has proposed the Government facilitate stronger rice exports to benefit from rising global prices. The ongoing El Nino weather phenomenon, which accelerates saltwater intrusion and causes drought, has also led global rice output to fall. Vietnam’s rice production is currently stable and the ministry emphasized the role of the country’s rice export sector in global food supply chains. Data from the ministry showed the country’s domestic rice supply is expected to reach 43 million tons of rice. Customs data showed that rice exports reached US$2.58 billion in July, up by 30% compared to the same period last year.

The source of this news is from The Saigon Times