(By Reuters) Vietnam aims to reduce its rice exports to 4 million tonnes a year by 2030, the government said in a document detailing its rice export strategy, down from 7.1 million tonnes last year. Vietnam is the third largest exporter of rice in the world, after India and […]
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(By Reuters) Vietnam aims to reduce its rice exports to 4 million tonnes a year by 2030, the government said in a document detailing its rice export strategy, down from 7.1 million tonnes last year. Vietnam is the third largest exporter of rice in the world, after India and Thailand. The measure aims to "increase high-quality rice exports, ensure domestic food security, protect the environment and adapt to climate change," according to the government document, dated May 26 and reviewed by Reuters. Rice export earnings will fall to US$2.62 billion a year by 2030, down from US$3.45 billion in 2022, the document said. “Although Vietnam's rice growing area is shrinking due to climate change and some farmers are switching to other crops and shrimp farming, the strategy seems to be too aggressive,” a Ho Chi Minh City rice trader said on Saturday. . The trader said that some rice farmers in the Mekong Delta are turning parts of their fields into fruit farms, growing mangoes, grapefruit, ...