Stopping rice exports will see domestic prices plummet from oversupply, inflicting heavy losses on farmers, experts argue.
Nguyen Trung Kien, vice chairman of the Vietnam Food Association (VFA), said that most companies at a Thursday meeting with the Ministry of Industry and Trade reported having large rice inventories with themselves or with farmers.
Suspending rice exports will hurt both companies and farmers, they said.
Therefore, VFA expressed hope that the Government will soon resume exports, committing that companies will strictly control export contracts to ensure domestic food security and create favorable output for farmers. people.
Professor Vo Tong Xuan, Rector of Southern Can Tho University, agrees with VFA's argument.He said, after the announcement of the General Department of Customs about suspending rice exports, he and some experts have reviewed Vietnam's rice output in the 2019-2020 winter-spring crop.
With the Mekong Delta currently having over 1.5 million hectares (3.7 million acres) of fields, the total yield is estimated at 5.5 million tons.“The best solution right now is to just pre-order one.5 million tons of rice, and allow the export of 4 million tons so that farmers can reap more benefits,” said Xuan.
Due to the increased number of orders from China, Philippines, Indonesia and Malaysia, the price of rice purchased from farmers is increasing, allowing farmers to reap higher profits at the current price of 6 million VND/ton. .
However, the temporary suspension of rice exports will cause the price of rice to plummet to about VND 4 million/ton, causing farmers to suffer losses.
"Therefore, I hope the Government will carefully consider and resume exports in a timely manner, so that there is no need to rescue rice farmers and prevent a repeat of the 2008 rice crisis," said Xuan.“To ensure food security, the government should strictly control exports and severely penalize cases of speculation."
He also argued that Vietnam's food production is going rather well as the rice varieties being grown in the Mekong Delta are short-term, some of which could be harvested after just 85 days.Reserve is 1.Therefore, 5 million tons of rice will be enough until May or June, he said.
The Ministry of Industry and Trade said it would report the opinions of businesses and experts to the Prime Minister on Saturday.
A recent report by the Ministry of Agriculture said that Vietnam exported nearly 1.3 million tons of rice worth USD 602 million as of March 15, 26.5 percent increase in volume and 34.Value increased 6% year-on-year.Vietnam forecasts exports 6.5-6.7 million tons of rice this year.
In addition, while the Mekong Delta suffered from coastal saline intrusion, most farmers still reaped a good harvest in the last winter-spring crop.This, combined with a drop in global supply due to climate change, will cause rice prices to shift in favor of farmers, experts and industry insiders argue.
The General Department of Customs on Tuesday made an emergency decision to suspend rice exports in an effort to ensure food security when the Covid-19 pandemic intensified.
Soon after, the Ministry of Industry and Trade asked the Government to allow rice exports to resume, but no decision has been made on this yet.
Vietnam is the world's third largest rice exporter after India and Thailand.Last year, the country exported 6.37 million tons of rice worth $2.$81 billion, with the top markets being the Philippines, Ivory Coast, Malaysia and China.
Từ vựng liên quan
Tin tức liên quan
Half-way through talks to breathe life into the Paris climate deal negotiators haggled over how to share the cost of curbing global warming and struggled to bridge deep political divides.
China’s in touch with Vietnam in following up on the discovery of 39 dead people in a refrigerated container truck in the U.K.
By switching to public funding for building some sections of the North-South Expressway, the government has cut interest costs by hundreds of millions of dollars.
Chủ đề liên quan
Tin được xem nhiều nhất
Vietnam is among nations hardest hit by cryptomining attacks this year, says Moscow-based multinational cybersecurity firm Kaspersky Lab.
Many Vietnamese YouTube channels have produced comedy videos portraying ethnic minority life through distorted facts and smutty jokes, causing community backlash.
Coteccons will replace two board members with nominees of two major shareholders with whom the management has had a running battle since 2017.
When fall begins towards the end of September and start of October, Nam Hong Village in Ha Giang Province radiates the amber hue of autumn.