Vietnam’s Rice Exports Face Unprecedented Drop
Vietnam’s rice exports are expected to drop to 7.5 million metric tons this year, according to the chairman of the Vietnam Food Association. This marks a steep decline from the previous year’s record of 9.04 million tons.
Vietnam’s rice exports are expected to drop to 7.5 million metric tons this year, according to the chairman of the Vietnam Food Association. This marks a steep decline from the previous year’s record of 9.04 million tons.
The decline in export volume comes as Vietnam grapples with anticipated increased rice supplies from India, the world’s largest exporter of the grain.
Additionally, Indonesia’s strategic move to reduce its rice imports poses another challenge for Vietnam’s rice export market.
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Source : Devdicourse
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