Photo for illustration
The Vietnam Southern Food Corporation (Vinafood 2) represented Vietnam at the tender and won the contract with a price of USD469.8 (CIF price) a ton.
The tender is part of the total volume of 250,000 tons of rice which the country opened to contractors on October 18th, 2018 under the Government-to-Private (G2P) form. During last month’s tender, Vietnam won 29,000 tons, including 15,000 tons of Vinafood 2 with a bidding price of USD427.68 a ton, and 14,000 tons of Vinafood 1, priced at USD427.5 a ton.
Recently, on November 20th, Vietnam also gained a deal to ship 118,000 tons of 25% broken rice to the market in its tender for importing 500,000 tons of rice based on G2P contracts, while the remaining rice volume will be supplied by Thailand and other countries.
The Vietnamese and Thai rice suppliers were required to ship the combined volume of 203,000 tons of rice to the Philippines before December 30th this year./.