Vietnam wins bid to sell 175,000 tons of rice to Philippines
Wednesday, 26/07/2017 16:34 (GMT+7)
Four Vietnamese traders have won a contract to ship 175,000 tons of rice to the Philippines as the country opened bids for importing 250,000 tons of 25% broken rice on July 25th, said Mr. Huynh The Nang, President of the Vietnam Food Association.
Photo for illustration
The traders are Vietnam Northern Food Corporation (Vinafood 2) with 50,000 tons, Gia International Corporation with 50,000 tons, Tan Long Group JSC with 50,000 tons and Hiep Loi Food Company with 25,000 tons.
In early July, the National Food Authority of the Philippines invited bids for the importing of 250,000 tons of rice under Government-to-Private (G2P) instead of Government-to-Government (G2G) scheme. The volume of rice was divided into eight consignments of two 50,000-ton batches and six 25,000-ton batches.
The rice import aims to increase the amount of rice reserved to meet consumption demand during the country’s between-crop period from July to September.
The contract winners will deliver the rice volume in August-September 2017./.
BTA