Rice production in Vietnam is poised to drop next year for the first time in more than a decade as the second-largest shipper promotes other crops, lessening competition in the global export market.
Rice production in Vietnam is poised to drop next year for the first time in more than a decade. (Bloomberg photo)
The switch is designed to boost farmers' incomes, and corn is one of the alternatives that will be favored because of good demand and high yields, according to Pham Dong Quang, deputy head of the government's crop-production department. A plan to convert rice-growing areas will be approved by the Ministry of Agriculture and Rural Development before the end of the year, Mr Quang said in an interview in Hanoi.
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