According to representatives of VFA, eligible NFA enterprises will participate in the bidding and be responsible for the implementation of the bid. It is reported that the Philippines rice auction was divided into eight lots, consisting of six 25,000 tonnes and two 50,000 tonnes lots with specific quantities delivered to different ports. Each supplier can bid on any lot and offer the maximum quantity of each lot, but only win a maximum of 50,000 tonnes. This is also the first time the Philippines publicly announced the purchase price at a CIF price of $ 450 / tonne, equivalent to FOB. Transfer) in Ho Chi Minh City is $ 380 per ton.

In order to participate in the tender, the private sector must submit a financial statement to demonstrate its financial capability; Have e-commerce registration with Philippine national system; At the request of the NFA, the company would like to bid for 25,000 tonnes of rice, before it had to have at least one export contract with a value equal to the number Amount on.

The above conditions are very tight, so only two major corporations of Vietnam are Northern Food Corporation (Vinafood 1) and South (Vinafood 2). But this is the first time that the Philippines has organized tender for rice importers for participating traders instead of formerly through the form of mid-level government mergers.

Currently, the demand for rice in the world market is still quiet, the tender package for rice from the Philippines will be an opportunity for Vietnamese rice export. According to the report of the Ministry of Agriculture and Rural Development, rice export volume in the first six months of 2016 reached 2.8 million tons and 1.2 billion USD, up 6% in volume and 5% in value over the same period. 2016. Philippines is Vietnam’s second largest rice import market after China.

(24h.com.vn)