Cambodia Rice News: World Rice News: Vietnam Government Urged to Allow Food Companies Buy, Store Rice

Vietnam Government Urged to Allow Food Companies Buy, Store Rice

Agriculture stakeholders in Vietnam have urged the government to allow food companies to buy and stockpile one million tons of rice from the summer-autumn crop to help farmers get better prices than the low prices prevailing now.

Some agriculture officials say that the government should offer interest-free loans to food companies to buy rice which will eventually arrest the price slide. Viet rice prices have fallen to a three-month low due to anticipation by buyers of a bumper new crop next month. Farmers have said that they lack storage space as last year’s paddy is still occupying their warehouses.

Meanwhile, the Vietnamese government has increased the minimum requirements for rice mills aiming at rice exports. According to rules, rice mills must set up laboratories in the coming months, have grinding and milling capacity of at least 10 tons per hour, and build sanitary facilities for workers.

Local sources said that the Agriculture Ministry wants to reduce the number of rice exporters by about 50% to around 100.

Source: Oryza/22June2012

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