By Prensa Latina,
Hanoi : Vietnam will export some 3.2 million tons of rice by September and plans good crops to continue guaranteeing domestic and foreign supplies, official sources in Hanoi said on Tuesday.
According to the Ministry of Industry and Trade, concerns about an alleged lack of grain in Vietnam are unfounded, and such rumors have caused the price of domestic rice to shoot up last week.
The rice market will return to stability soon, said Deputy Industry and Trade Minister Nguyen Cam Tu, predicting good rice crops for May and June.
Cam Tu denied trader rumors that manipulated news of a possible world food crisis, causing confusion in the domestic market.
The deputy minister warned that his ministry will intensify trade control and will severely sanction those who violate trade laws.