Vietnam is world’s third biggest exporter of rice, but now it is importing this grain from India.
- It has started buying rice from India for the first time in decades after local prices jumped to their highest in nine years amid limited domestic supplies.
- The global pandemic has also prompted Vietnam and other countries to stockpile rice.
- Now the current situation will even force traditional buyers of rice from Thailand and Vietnam to switch to India.
- Earlier, the world’s biggest rice importer China also started buying Indian rice for the first time in at least three decades due to tightening supplies from Thailand, Myanmar and Vietnam.
- India is the world’s biggest exporter of rice.
