The Import-Export Department - Ministry of Industry and Trade said that on July 20, 2023, the General Department of Foreign Trade of India issued notice No. 20/2023 banning the export of all types of regular white rice (non-Basmati). India's issuance of a policy to restrict rice exports will impact the global rice trade market.

To contribute to the consumption of rice and commodity rice; To stabilize domestic paddy and rice prices and ensure food security, the Import-Export Department - Ministry of Industry and Trade has issued Document No. 584/XNK-NS to rice export traders and Document No. 585/XNK -NS sent the Vietnam Food Association a request to coordinate the implementation of a number of related contents.

Accordingly, the Import-Export Department requested the Vietnam Food Association to coordinate in implementing the following contents: Strengthen urging members, especially large enterprises, to play a leading role such as Corporations. Northern Food, Southern Food Corporation... organizes the purchasing and consumption of rice and commodity rice, ensuring benefits for rice growers according to current policies.

Require members to strictly implement regulations in Decree No. 107/2018/ND-CP dated August 15, 2018 of the Government on rice export business; Regularly maintain the minimum level of circulating reserves as prescribed in Decree No. 107/2018/ND-CP, ensuring the balance of export and domestic consumption, contributing to stabilizing paddy and rice prices in the market in the coming years. water.

Besides, continue to closely monitor the rice market situation; proactively exchange and synthesize members' opinions on difficulties and problems arising in the supply and circulation of rice in the domestic and international markets, report and propose appropriate solutions to relevant ministries and branches. mandarin.

For traders, the Import-Export Department also recommends that traders seriously implement the regulations in Decree No. 107/2018/ND-CP dated August 15, 2018 of the Government on rice export business in terms of revenue collection. Purchase rice and commodity rice to ensure balance between export and domestic consumption; Maintain circulating reserves according to regulations, contributing to stabilizing paddy and rice prices in the domestic market and ensuring food security.

Proactively monitor market conditions, organize appropriate production and export plans, and ensure effective export. Seriously implement the periodic reporting regime on the amount of rice in stock, the signing and implementation of rice export contracts according to the provisions of Decree No. 107/2018/ND-CP, and send it to the Import-Export Department. Export - Ministry of Industry and Trade and Vietnam Food Association.

At the same time, proactively discuss with the Vietnam Food Association and report to the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development on difficulties and obstacles arising in the process of supplying and circulating rice in the market. domestic and international markets for timely response solutions.

Minh Toan