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HANOI, Vietnam -- Vietnam has lifted its ban on the signing of rice export deals, but will only allow contracts for a limited quantity as it caps exports of the grain in the first nine months of this year at 3.5 million tons, an industry official said.

Companies can sign new deals for "several thousand tons," with a minimum price of $800.00 per ton, on a free-on-board basis, the Vietnam Food Association official said, citing a directive from the Industry and Trade Ministry.

"The quantity will not match companies' demand as the country's rice export volume by September should stay at 3.5 million tons," the official told Reuters.

• Philippines pays $940 a ton for Vietnam rice
• Asian stocks rise as oil dips for fourth straight session
• ‘Like putting money in basket with a hole’

• China wants new global monetary system
• Solons caution gov’t on privatization