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VIETNAM URGES RICE EXPORTERS TO SEEK MORE CONTRACTS.
HANOI, June 8 Asia Pulse - Vietnamese Deputy Prime Minister Hoang Trung Hai has encouraged rice exporters to sign more and more contracts, emphasising that the Government has not limited the amount of rice for export.
Hai made the statement at an online working session with the Mekong Delta on rice exports on June 4 after representatives from the nation's largest rice producer asked the Government to raise its export targets as well as allow businesses to buy out rice paddies from farmers as reserves if prices start to fall.
Businesses should work hard to fulfil the governments target to export 5 million tonnes of rice this year along with making efforts to seek out new markets and contracts, said the deputy PM.
He asked the Ministry of Agriculture and Rural Development (MARD) and the Ministry of Industry and Trade to make a full inventory of rice storage facilities to determine the best time for launching buy-out measures to avoid losses to farmers.
MARD Minister Cao Duc Phat echoed the government leaders view by calling on rice producing businesses to sign more exports contracts ...
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Source: HighBeam Research, VIETNAM URGES RICE EXPORTERS TO SEEK MORE CONTRACTS.