Ministry of Industry and Trade proposes resuming rice exports (Photo: thuongtruong.com.vn)Hanoi (VNA) - The Ministry of Industryand Trade (MoIT) has proposed resuming rice exports from April, with a volumeof 400,000 tonnes, after it has compiled reports on production, domesticconsumption and exports to submit to the Prime Minister.
In the ministry’s report sent to the PM, itsuggested exporting 800,000 tonnes of rice in April and May. In the lastweek of April, based on the developments of the COVID-19 pandemic and reports of relevant ministries and sectors, the Prime Ministerwill consider rice exports in May.
The ministry has also proposed to apply monthlyquota for rice exports during the COVID-19 pandemic.
The report was made after the ministry receivedfeedback from a number of enterprises about the Government’s decision tosuspend rice exports on March 24.
The suspension is to implement the conclusion madeby Prime Minister Nguyen Xuan Phuc at a national online meeting on foodsecurity in the context of COVID-19 pandemic held in early March, during whichhe affirmed that food security must be ensured in every situation.
According to the MoIT report, in the context of thepandemic, drought and saltwater intrusion, Vietnam is estimated to produce 43.5million tonnes of paddy this year, including 20.2 tonnes from the winter-springcrop. Of which, the output of the Mekong Delta is estimated at 10.8 milliontonnes.
Regarding consumption and storage, the Ministry ofAgriculture and Rural Development (MARD) forecasts domestic demand this year toreach 29.96 million tonnes of paddy, including national reserves.
Specifically, the domestic consumption is 14.26million tonnes of paddy, while the paddy volume for processing food products is7.5 million tonnes. Meanwhile, there are 3.4 million tonnes to supply thelivestock sector, one million tonnes used as seed and 3.8 million tonnes fornational reserves. Thus, the remaining paddy for export is about 13.5 milliontonnes, equivalent to 6.5 - 6.7 million tonnes of rice.
According to the Vietnam Food Association (VFA), asof March 27, VFA-member enterprises have not yet shipped a total of 1.6 milliontonnes of rice under signed export contracts. Of which, they need to havedelivery of 1.4 million tonnes from now until May 31, said the MoIT. Meanwhile,VFA member enterprises have a total of 1.65 million tonnes in stock.
To ensure domestic consumption, the 20 largest riceexporters must sign contracts with at least one supermarket system to supply 5percent of their inventory when required./.
In the ministry’s report sent to the PM, itsuggested exporting 800,000 tonnes of rice in April and May. In the lastweek of April, based on the developments of the COVID-19 pandemic and reports of relevant ministries and sectors, the Prime Ministerwill consider rice exports in May.
The ministry has also proposed to apply monthlyquota for rice exports during the COVID-19 pandemic.
The report was made after the ministry receivedfeedback from a number of enterprises about the Government’s decision tosuspend rice exports on March 24.
The suspension is to implement the conclusion madeby Prime Minister Nguyen Xuan Phuc at a national online meeting on foodsecurity in the context of COVID-19 pandemic held in early March, during whichhe affirmed that food security must be ensured in every situation.
According to the MoIT report, in the context of thepandemic, drought and saltwater intrusion, Vietnam is estimated to produce 43.5million tonnes of paddy this year, including 20.2 tonnes from the winter-springcrop. Of which, the output of the Mekong Delta is estimated at 10.8 milliontonnes.
Regarding consumption and storage, the Ministry ofAgriculture and Rural Development (MARD) forecasts domestic demand this year toreach 29.96 million tonnes of paddy, including national reserves.
Specifically, the domestic consumption is 14.26million tonnes of paddy, while the paddy volume for processing food products is7.5 million tonnes. Meanwhile, there are 3.4 million tonnes to supply thelivestock sector, one million tonnes used as seed and 3.8 million tonnes fornational reserves. Thus, the remaining paddy for export is about 13.5 milliontonnes, equivalent to 6.5 - 6.7 million tonnes of rice.
According to the Vietnam Food Association (VFA), asof March 27, VFA-member enterprises have not yet shipped a total of 1.6 milliontonnes of rice under signed export contracts. Of which, they need to havedelivery of 1.4 million tonnes from now until May 31, said the MoIT. Meanwhile,VFA member enterprises have a total of 1.65 million tonnes in stock.
To ensure domestic consumption, the 20 largest riceexporters must sign contracts with at least one supermarket system to supply 5percent of their inventory when required./.
VNA
