Hanoi calls for food security as India restricts rice exports

The trade and industry ministry advised the Vietnam Food Association and rice exporters to increase purchases of rice in the domestic market, maintain a minimum reserve for circulation, and ensure a balance between exports and domestic consumption to stabilise prices. — Reuters

HANOI: The Trade and Industry Ministry’s Import-Export Department urges rice exporters to ensure price stabilisation and food security in the domestic market after India restricted rice exports, which is forecast to have a significant impact on the global rice market.

The ministry advised the Vietnam Food Association and rice exporters to increase purchases of rice in the domestic market, maintain a minimum reserve for circulation, and ensure a balance between exports and domestic consumption to stabilise prices.