Since 2025, the global rice market has seen a decrease in export prices, primarily due to India's lifting of a ban on white rice exports, leading to an increase in supply. This surge in supply, along with low demand from traditional importing countries like the Philippines and Indonesia, and China's reduced rice purchases, has resulted in an imbalance in the supply-demand equation. To mitigate the impact, Vietnam's Ministry of Industry and Trade is planning to export 100,000 tons of white rice to Bangladesh and will devise trade promotion strategies for the Philippines and China, aiming to maintain rice exports as a key contributor to the industry's growth. The ministry is also working to streamline exports of other agricultural products, ensuring that producers can continue to plan their operations efficiently.