Nguyen Nhu Kong, head of the crop manufacturing division of the Vietnamese Ministry of Agriculture, stated that his nation expects to realize its goal of manufacturing 43.6 million tons of uncooked rice this 12 months, regardless of the excessive fertilizer costs.
“I see that we had been heading in the right direction of what we had deliberate,” Kong added in a textual content message, in accordance with Bloomberg News.
Kong declined to touch upon whether or not Vietnam would possibly halt rice shipments, amid rising international concern about meals protectionism.
Vietnam produced about 43.86 million tons of unhulled rice in 2021, in accordance with the Ministry of Agriculture.
It’s noteworthy that many international locations have banned the export of strategic items as precautionary measures to take care of shares of primary commodities in gentle of a worldwide disaster, because of the impression of provide chains following the outbreak of the Russian-Ukrainian conflict.