Wednesday, 25 July 2007

Vietnam suspends signing of new rice export contracts

Under the regulation issued by the Government and the Ministry of Trade, rice exporters must register their contracts with VFA for confirmation, but the association has stopped dealing with rice export contracts since last weekend.

"The Government has not ordered a stop to rice export. However, the VFA must wait for instructions from the Government because the signed contracts have reached this year's target of 4.5mil tons," said Nguyen Thi Nguyet, secretary general of VFA.

She added that the Government would consider the issue in September and would make a decision after scrutinizing a survey on the country's rice production by the Ministry of Trade and the Ministry of Agriculture and Rural Development.

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