Author Topic: Vietnam buys Indian rice for first time in decades  (Read 534 times)

adroth

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Vietnam buys Indian rice for first time in decades
« on: January 06, 2021, 03:39:32 PM »
Vietnam buys Indian rice for first time in decades
PUBLISHED : 4 JAN 2021 AT 18:05
WRITER: REUTERS

https://www.bangkokpost.com/business/2045415/vietnam-buys-indian-rice-for-first-time-in-decades

MUMBAI/HANOI: Vietnam, the world's third biggest exporter of rice, has started buying the grain from rival India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies, four industry officials told Reuters.

The purchases underscore tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India - the world's biggest exporter of the grain.

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