Philippines, Indonesia suspend rice imports, what does the Department of Industry and Trade recommend for businesses?

The Ministry of Industry and Trade recently held a Conference to Promote Rice Production, Export, and Market Stability to promptly implement Government Directive No. 160 of the Prime Minister on strengthening tasks, solutions to promote rice production, export, and stabilize the market. Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said that the Summer-Autumn crop is expected to be basically harvested by mid-September 2025. According to the cropping structure, the Autumn-Winter crop will be harvested in November and December. Deputy Minister Tran Thanh Nam suggested strengthening links in production. Currently, the program of 1 million hectares of high-quality rice, reducing emissions in the Mekong Delta is continuing to expand. By mid-September, the Ministry will summarize 11 high-quality rice models, thereby expanding to key production areas. Regarding the balance of supply and demand for rice exports, the Deputy Minister said that it is important for ...