Philippines to import more rice from Vietnam
Philippine businesses have been allowed to import additional 293,100 tonnes of rice from Vietnam to ensure food demand during the 2017 between-crop period, according to the Vietnam Food Association.
Illustrative image (Photo: VNA)HCM City (VNA) – Philippine businesses have been allowed to import additional 293,100 tonnes of rice from Vietnam to ensure food demand during the 2017 between-crop period, according to the Vietnam Food Association (VFA).
The businesses are also permitted to buy a similar amount of rice from Thailand and 50,000 tonnes from China, India, Pakistan and other countries, with a total volume of 805,200 tonnes.
The time for delivery is set before February 28, 2017.
VFA Chairman Huynh The Nang said that this is a chance for Vietnamese businesses to boost rice consumption which is gloomy now.
In late August 2016, Vietnam won a bidding to provide 150,000 tonnes of rice for Philippines at a price of 424.85 USD per tonne.-VNA
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