The Ministry of Trade and Industry's Import-Export Department urged rice exporters to ensure price stabilisation and food security in the domestic market after India restricted rice exports which is forecast to have a significant impact on the global rice market.

Vietnam’s merchandise exports are still struggling but have seen positive signs in the past two months, and both exporters and state management agencies are working hard to regain growth momentum.

The Indian government says it has suspended exports of non-basmati white rice in order to lower the price of the commodity in the country.

China has launched an anti-dumping probe into propionic acid from the US, as heavy dependence on American supplies of the widely used chemical ingredient is sounding alarms in the domestic industry.

On July 21, in the afternoon, the Ministry of Agriculture and Rural Development hosted an online forum to connect the production, processing, and export of Vietnamese brackish water shrimp.

Protective measures will apply to 9 more countries

Despite a bright outlook predicted for rice exports in the second half of 2023, the rice sector still needs more support to shift from quantity to quality to seize global market opportunities.

In addition to the lack of orders, accepting orders is not their strength; businesses also face difficulties due to the deep reduction in unit prices, even by over 50% compared to normal.