Vietnam Suspends Rice Exports
Vietnam will “temporarily suspend rice exports” due to the coronavirus COVID-19 pandemic, according to a March 25 report from CustomsNews, the mouthpiece for Vietnam Customs. The virus has caused a spike in global demand for food reserves, including rice, which…
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has dwindled Vietnam’s domestic rice supply as exports have increased, the report said. If rice exports continue at their current rate, Vietnam “may face a shortage of rice for domestic consumption,” the report said. Under the measure, Vietnam will not sign new rice export contracts until it stabilizes its domestic supply, according to a March 25 report in the Bangkok Post.