05:04' 30/04/2008 (GMT+7)
VietNamNet Bridge - A senior trade official said Vietnam will not be short of rice supply as the country plans to export just 3.2 million tonnes of rice by the end of the third quarter.
“There will be no rice shortage,” affirmed Deputy Trade and Industry Minister Nguyen Cam Tu, adding that local businesses have so far signed contracts to export around 2.8 million tonnes of rice.
According to a forecast of the Ministry of Agriculture and Rural Development, the rice supply sources will be plentiful as harvest time is coming in May and June.
Northern provinces are expected to reap around 6.5 million tonnes of winter-spring rice, equalling the previous rice crop’s output, while the output in the Mekong delta is expected to hit 9.3 million tonnes, 300,000 tonnes more than the previous crop.
These advantages will soon help stabilise the rice market and rice prices will be reduced in the next few days, said Tu.
Regarding an unexpected increase in rice prices in almost cities and provinces over the past days, Deputy Minister Tu pointed out rice speculation by several businesses due to news about food crisis in many countries as the main reason.
The Ministry of Trade and Industry has asked trade and industry departments in cities and provinces to work with relevant agencies to supervise rice trading activities and strictly punish violators to ensure a stable market.
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