Vietnam has won a bid to provide 187,000 tonnes of rice for the Philippines in 2013, according to the Vietnamese Trade Mission at the Philippines’ National Food Authority.

The Philippines awarded the supply to the Southern Food Corporation (Vinafood II) with a price offer of 459.75 USD per tonne, lower than that of Thailand.

The rice stock under the tender is long grain white rice with 10 percent and 25 percent brokens. The volume will be delivered to the Philippines in the next few weeks.

Chairman of the Vietnam Food Association (VFA) Truong Thanh Phong said that the VFA targets 1.5 million tonnes of rice exports in May and June.

In the first four months, the country’s rice export surpassed 2.1 million tonnes, up 23.4 percent over the same period last year.

However, prices dropped by nearly 30 USD per tonne during the reviewed period, due to low demand. The decline in rice prices also led to the cancellation of a number of contracts with a total volume of 280,000 tonnes in the mentioned time.-VNA