Vietnam food association official says no immediate plan to curb rice exports

• Vietnam has no immediate plans to restrict rice exports, a senior official of the country’s food association said on Monday, after India’s export curbs sparked worries about global supplies of the staple.
• Nguyen Ngoc Nam, chairman of the Vietnam Food Association, said prices of Vietnamese rice had soared since India’s move on July 20, adding that the harvest of the summer-autumn crop was ongoing in Vietnam, which is the world’s third largest rice exporter after India and Thailand.
• Vietnam’s 5% broken rice prices rose to $550-$575 per metric ton on Monday, traders said, their highest since 2011, from a range of $515-$525 before India’s move.

External Link : https://www.reuters.com/markets/commodities/vietnam-food-assoc-official-says-no-immediate-plan-curb-rice-exports-2023-07-31/