Rice exports: It’s time for the “giants” to leave
Rice exports seem to be the playground of big State-owned corporations, which are able to impose unfavorable conditions on others, especially farmers.
The export floor price for rice is stipulated in Decree 109/2011/ND-CP, which is determined under the guidance of the Vietnam Food Association (VFA) based on domestic and global market movements.
Rice trading firms have to register rice export prices, which must not be lower than the floor price set by the VFA.
