Closely monitor the rice market.

ANTD.VN - The supply of rice will be ensured, helping to control prices and protect the interests of farmers, according to Minister of Industry and Trade Nguyen Hong Dien.

The Ministry of Industry and Trade requests close monitoring of the rice market.

The Ministry of Industry and Trade has just issued document No. 1893/BCT-VP dated March 19, 2025, announcing the Minister's directives on managing and ensuring a balance between rice supply and demand in the face of developments in the global and domestic markets.

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

In addition, the Notice also specifically noted the situation of speculation and hoarding aimed at driving up rice prices, causing market instability; it requested relevant agencies to strengthen inspection and supervision of the distribution system, strictly handle violations, and prevent price gouging that affects the rights of domestic consumers.

The Ministry of Industry and Trade also directed rice exporters to strictly comply with regulations on maintaining minimum circulating reserves, ensuring sufficient supply to meet domestic consumption needs even when the market fluctuates.

Besides the goal of exporting, the leaders of the Ministry of Industry and Trade affirmed that protecting the rights of farmers must be prioritized. At the same time, they requested that localities and businesses purchase rice at reasonable prices, reflecting the true value of the product, and prevent price manipulation that affects farmers' income.

The Ministry of Industry and Trade will continue to coordinate with relevant ministries and agencies to closely monitor developments in the domestic and international rice markets and adjust policies promptly. In particular, it is necessary to proactively work with major trading partners to expand export markets and ensure sustainable outlets for Vietnamese rice products.

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

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