MANILA, Philippines — Four Asian countries have expressed interest to supply the Philippines with 300,000 metric tons of rice under a government-to-government scheme, the first for the country since the industry was liberalized. For the first lot in Manila at 174,000 MT, Myanmar Rice Federation has the lowest bid at $489.25 per MT. For the Tacloban lot at 15,000 MT, India also had the lowest bid at $485.70 versus Vietnam’s $530. For lot 5 in Davao at 45,000 MT, India still had the lowest bid at $485.70 for half of the volume. The PITC has yet to declare a successful bidding for the Philippines’ first G2G importation since the enactment of the Rice Tariffication Law.

Source: Philippine Star June 08, 2020 15:56 UTC