Right after the National Food Authority of the Philippines (NFA) announced the decision to tender for importing 250,000 tons of rice, Huynh The Nang, Chairman of the Vietnam Food Association (VFA) said Vietnam will attend the battle. This tender.

The information was confirmed by Huynh The Nang in exchange for Saigon Times Online, 6-7.

Accordingly, the deadline for submission of bids is required by the Philippines before 10am on July 25 and all 250,000 tonnes of rice (25% broken) will be delivered to the Philippines in August and 9-2017, immediately In the harvester (from July to September).

The Philippines plans to spend some 5.6 billion pesos ($ 5.6bn) on purchasing the rice, and the Philippines has chosen to implement the G2P scheme for buying rice instead of the intergovernmental one. (G2G) as before due to profiteering charges from the NFA.

At a recent rice conference in Can Tho city, Nang said that the possibility of Vietnam being selected to supply rice to the Philippines is very high. As Thailand’s rice reserves, Vietnam’s main rival in recent rice supply races for the Philippines, have been reduced to just 160,000 tonnes of standard rice and rice. The higher Thailand, Vietnam has a big advantage in the upcoming bidding.

The NFA said the nation’s rice stocks are now barely enough for consumption for six days, the lowest level in three years. Meanwhile, according to Philippine rice stocks regulations must ensure enough consumption of at least 15 days at any time and 30 days in the pre-season.

With the plan to import rice, this is the first time the Philippines held a tender to buy rice since the beginning of the year.

(According to thesaigontimes.vn)