Vietnam wins bid to supply rice to PhilippinesVietnam has won a bid to supply 130,000 tonnes of rice to the Philippines after the National Food Authority (NFA)’s auction on importing 250,000 tonnes. According to NFA, Vietnam will supply 50,000 tonnes of 15 percent broken rice to the Philippines at 526.5 USD per tonne and 80,000 tonnes of 25 percent broken rice at 517.5 USD per tonne. The deadline for the supply of rice from Vietnam and Thailand is May 16 for 25 percent broken rice and June 30 for 15 percent broken rice. This result was possible in the beginning of the year when Vietnam won contracts to export rice to large markets. The first auction was in January, where Vietnam won a bid to supply 141,000 tonnes.

Source: VietNamNet News May 08, 2018 02:37 UTC