Cambodia Rice: World Rice News: Vietnam to Supply Philippines with 120,000 Tons of Rice in G2G Deal

Vietnam to Supply Philippines with 120,000 Tons of Rice in G2G Deal

After bagging the 100,000 ton rice tender from the Philippines last week, Vietnam has been selected to supply the remaining 20,000 tons of rice that the Philippine rice buying agency National Food Authority (NFA) was tasked with buying earlier this year.

The Philippines is targeting rice imports of 500,000 tons in 2012, of which 380,000 are allotted to farmer organizations and private traders, while the remaining 120,000 tons allotted to the Philippines’ NFA.

Thailand’s application was rejected last week due to high prices, while Cambodia couldn’t participate in the tender process as the country did not sign the mandatory rice trade agreement with the Philippines before the nation’s deadline.

Shipments are expected before lean months start in July.

Source: Oryza/4June2012

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