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Vietnam Suspends Rice Exports

Vietnam will “temporarily suspend rice exports” due to the coronavirus COVID-19 pandemic, according to a March 25 report from CustomsNews, the mouthpiece for Vietnam Customs. The virus has caused a spike in global demand for food reserves, including rice, which has dwindled Vietnam’s domestic rice supply as exports have increased, the report said. If rice exports continue at their current rate, Vietnam “may face a shortage of rice for domestic consumption,” the report said. Under the measure, Vietnam will not sign new rice export contracts until it stabilizes its domestic supply, according to a March 25 report in the Bangkok Post.