Vietnam to halt signing new rice export contracts until March 28

  • 27-Mar-2020
  • Vietnam to halt signing new rice export contracts until March 28

Vietnam will suspend signing new rice export contracts until March 28 at the earliest under a review to ensure domestic supplies are sufficient during the coronavirus outbreak, the government said in a statement on Wednesday.

Prime Minister Nguyen Xuan Phuc has told the ministries of trade, finance and agriculture to take stock of rice supplies and submit a report on supplies and exports by Saturday, according to the statement.

“While waiting for the report from the working group, the signing of all new rice export contracts will be suspended, and those contracts that have already been signed will be dealt with after the report is available,” the government said.

The ban would be in force until after the report was submitted on March 28, it said.

On Tuesday, a government food official told Reuters Vietnam would continue rice exports, despite reports by state media and customs officials that a government ban on exports had been in effect.


Source:- Nationalpost.com

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