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Philippines to import 250,000 tonnes of rice from Vietnam or Thailand

The Philippines is considering an emergency purchase of up to 250,000 tonnes of rice from Vietnam or Thailand to ensure enough rice for domestic consumption during months of bad harvest.
Philippines to import 250,000 tonnes of rice from Vietnam or Thailand ảnh 1Philippines to import 250,000 tonnes of rice from Vietnam or Thailand - Illustrative image (Source: VNA)

Hanoi (VNA) – The Philippines is considering an emergency purchase ofup to 250,000 tonnes of rice from Vietnam or Thailand to ensure enough rice fordomestic consumption during months of bad harvest.

According to the Philippines’ National Food Authority (NFA),officials concerned are in the process of reference for the emergency purchase.

Under a new decree of President Rodrigo Duterte, thestate-run grains agency may resort to alternative methods of procurement,especially during emergency cases. Therefore, the NFA said that whoever canbring in the rice requirement the fastest and the cheapest will be awarded thesupply contract.

Duterte on April 5 met with rice traders to appeal to themnot to hoard rice or sell the grains at higher price.

Rice traders promised to sell white rice at a price lowerthan the current market price and provide market with 700,000 sacks ofrice.-VNA
VNA
#Philippines #Vietnam #Thailand #250 #000 tonnes of rice #domestic consumption #months of bad harvest #National Food Authority #emergency purchase #Vietnamplus #Vietnam News Agency Philippines Thailand Vietnam
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