Economic Calendar

Wednesday, March 4, 2009

Vietnam Cuts Rice Shipments to Boost Reserves, Thanh Nien Says

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By Ta Bao Long

March 4 (Bloomberg) -- Vietnam, the world’s second-biggest rice exporter, will cut back planned shipments to ensure sufficient reserves, the Thanh Nien Daily said.

The country will hold back 300,000 metric tons that would have been exported, cutting planned first-half shipments to 3.4 million tons, the report said today, citing the meeting between the agricultural ministry and the trade and industry ministry.

A total of 800,000 tons will be exported this month, the report said, without giving a year-ago comparison.

To contact the reporter on this story: Ta Bao Long in Hanoi at longta@bloomberg.net.




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