A rice warehouse of the Dong Thap Food Company (Photo: VNA)Hanoi (VNA) – The Vietnam Northern Food Corporation (Vinafood 1)and the Vietnam Southern Food Corporation (Vinafood 2) will sell 14,000 tonnesand 15,000 tonnes of rice, respectively, to the Philippines.
The companies won the bid last week after they offered prices of slightly under428 USD per tonnes, revealed Judy Carol Dansal, head of the Philippines’National Food Authority (NFA).
Thai Capital Crops Co., Ltd will also export 18,000 tonnes of rice to thePhilippines for 426.3 USD per tonne.
In the last week’s rice import tender, the NFA accepted offers for only 47,000tonnes from three suppliers, well below a planned purchase of 250,000 tonnes.
Most of the offers from 13 international suppliers exceeded the state-run NFA’sapproved budget of 428.18 per tonne. “We will reopen the tender for the volumethat was not taken,” said Dansal.
The Philippines is on a rice buying spree this year, after President RodrigoDuterte lifted a 20-year restriction on rice imports as inflation accelerated. TheNFA has been approved to import 2.4 million tonnes, just below the record 2.45million tonnes bought in 2010, when rising global food prices stoked shortagefears.-VNA
VNA
