HÀ NỘI — Rice export prices of Việt Nam have reached their highest in 12 years after a series of countries restricted rice exports. According to domestic traders, the reason for the higher export price of rice is due to many businesses purchasing rice from other countries after India's ban on exporting rice, followed by similar moves from the United Arab Emirates (UAE) and Russia. On July 20, India issued a ban on rice exports, aiming to ensure adequate domestic availability at reasonable prices. According to the Việt Nam Food Association, rice prices in the domestic market have also increased sharply. Việt Nam imports a large amount of this product from India, so Vietnamese importers may face many risks.
