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Goverment tightens up regulations on rice exporters
Rice businesses need to work much harder to meet the Government’s new requirements on rice exports as clarified by Deputy Prime Minister Hoang Trung Hai on May 28.
The Deputy Prime Minister has set out several new conditions including mandatory licenses for domestic operations, a standardised storage system, transparent finances and sufficient reserves of rice in line with current regulations, after a meeting on May 20 with agencies involved with rice exports.
He also asked the Ministry of Industry and Trade to work with the relevant agencies to revise the current regulations on rice exports and to tighten up the supervision of export prices to prevent trade fraud and ensure that the fulfilling of contracts is centrally-controlled.
The revision of the current regulations on rice exports must be submitted to the Prime Minister for approval by the third quarter of the year at the latest, Hai emphasised.
He also asked the Ministry of Agriculture and Rural Development to focus on post-harvest operations, especially rice drying, to meet the market’s requirements for quality and to mitigate post-harvest losses.
Rice exports in the first four months of the year reached 2.3 million tonnes in volume and 935 million USD in revenue, representing respective increases of 66 percent and 56.4 percent, year on year.
Exporters have managed to ensure a 40 percent profit for farmers.
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