In the News: Vietnam next to cut rice exports
BBC News, Friday, 28 March 2008, 07:18 GMT
Vietnam has become the latest rice-producing nation to limit exports of the grain against a backdrop of soaring global prices and demand.
Vietnam, the world’s second-biggest rice exporter, said it would cut exports by 22% this year, following similar moves by India and Egypt.
Analysts said the Vietnam government wanted to stabilise domestic prices.
Global rice prices have soared by 50% in the past two months raising supply concerns across Asia.
Thailand is the world’s largest rice exporter.
