Closely monitor the rice market

ANTD.VN - Rice supply will be guaranteed, helping to control prices and ensure farmers' interests, according to Minister of Industry and Trade Nguyen Hong Dien.

Ministry of Industry and Trade requests close monitoring of rice market

The Ministry of Industry and Trade has just issued Document No. 1893/BCT-VP dated March 19, 2025, on the Notification of the Minister's directive on management to ensure balance of rice supply and demand in the face of developments in the world and domestic markets.

Accordingly, the Minister of Industry and Trade requested that rice export management must ensure the dual principle: maximizing market advantages, increasing export value, and ensuring domestic food security. The Ministry of Industry and Trade will continue to closely coordinate with relevant ministries, sectors, and localities to have flexible and practical management policies.

In addition, the Notice also pays special attention to speculation and hoarding to push up rice prices, causing market instability; requires competent authorities to strengthen inspection and supervision of the distribution system, strictly handle violations, and avoid price hikes that affect the interests of domestic consumers.

The Ministry of Industry and Trade also directed rice exporters to strictly implement regulations on maintaining minimum circulating reserves, ensuring that when the market fluctuates, there is still enough supply to serve domestic consumption.

In addition to the export target, the leader of the Ministry of Industry and Trade affirmed that protecting farmers’ interests must be a top priority. At the same time, he requested localities and enterprises to purchase rice at reasonable prices, reflecting the true value of the product, and not allowing price pressure to occur, affecting farmers’ income.

The Ministry of Industry and Trade will continue to coordinate with relevant ministries and sectors to closely monitor developments in the domestic and international rice market and make timely policy adjustments. In particular, it is necessary to proactively work with major trade partners to expand export markets and ensure sustainable output for Vietnamese rice products.

In the first two months of 2025, Vietnam's rice export prices fell sharply due to direct impacts from the world market. In recent trading sessions, Vietnam's rice export prices have shown more positive signs, increasing slightly again.

Source: https://www.anninhthudo.vn/giam-sat-chat-che-thi-truong-lua-gao-post606629.antd