Stopping rice exports will see domestic prices plummet from oversupply, inflicting heavy losses on farmers, experts argue.
Vietnam’s coffee exports in the first three months of the year likely fell 12.7 percent from a year earlier to 794,000 million metric tons, while rice exports likely rose 1.1 percent, government data released on Friday showed.
Shrimp prices have plummeted in the Mekong Delta since global demand has been hit severely by the COVID-19 pandemic.
About 1,500 tonnes of pork imported from Russia arrived at the Cat Lai, Hai Phong and Phuoc Long ports of Viet Nam, which is expected to meet domestic demand in both quality and competitive price.
Rice traders are unhappy with the sudden government ban on exports that has million dollar worth of cargo idling at ports.
The Ministry of Industry and Trade (MoIT) on Tuesday proposed Prime Minister Nguyen Xuan Phuc allow businesses to continue exporting rice.
On Tuesday, the government approved HK Burltex Manufactory Co Ltd to build a factory to produce bags and facemasks.
The Ministry of Industry and Trade (MoIT) has extended the application of measures to prevent evasion of safeguard duties against imported rolled steel and steel wire until March 21, 2023, according to the ministry’s Trade Remedies Authority of Vietnam.
Rice exporters that have completed filling out customs declaration forms before March 24 could still go ahead as usual.
The outbreak of COVID-19 is causing EU and the US to stock up on canned tuna, and this is likely to increase demand from Viet Nam this year, the Viet Nam Association Seafood Exporters and Producers has said.