Asia

HANOI: The Vietnam Food Association has asked the country’s trade ministry to challenge a move by the Philippines to suspend rice imports for two months, two sources told Reuters, with traders saying it will harm local production. The Philippines, Vietnam’s biggest rice buyer, said last week that it would suspend rice imports for 60 days starting from Sep 1 in an effort to protect local farmers impacted by falling prices during the harvest season. “The Philippines is Vietnam’s largest rice export market and the suspension would have significant impacts on rice production in Vietnam,” said one of the sources, a…

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