Hanoi, July 30 - Vietnam has lowered the floor price for its 5-percent broken rice exports by nearly 8 percent to $600 per tonne thanks to a new bumper harvest, traders said on Wednesday.
Industry watchdog Vietnam Food Association has requested the government to ditch plans to impose export duties on rice exports to support prices, state media quoted VFA Chairman Truong Thanh Phong as saying.
"The export tax plan should be suspended for now, given the low demand from foreign buyers and the government's high regulated prices," a trader in Ho Chi Minh City said.