
By Ronnel W. Domingo |Philippine Daily Inquirer 12:30 am | Tuesday, September 16th, 2014 Thailand and Vietnam are expected to ship in a total of 500,000 tons of milled rice in the next three months, representing the latest import purchase by the National Food Authority. In a government-to-government call for tenders held Monday, Thailand—through its Department of Foreign Trade—offered to supply the Philippines 300,000 tons at $475 a ton. Vietnam—through state-run Vietnam Southern Food Corp. or Vinafood II—offered to cover 400,000 tons but at a higher price of $479 per ton. Cambodia, through its embassy, also participated but was disqualified. NFA spokesperson Rex Estoperez explained that Cambodia could not deliver the goods until April next year. The NFA wants delivery to be made in three tranches—40 percent of the contracted volume by mid-October, another 40 percent by mid-November and the remaining 20 percent by mid-December. Estoperez said Thailand, having submitted a lower price, may have clinched a contract for its offered volume of 300,000 tons. He added that, as for Vietnam, it may be able to secure a contract for the remaining 200,000 tons if it could match Thailand’s offered priced. “These details are still subject to the approval of the NFA Council, which will convene sometime this week,” Estoperez said. Monday’s proceedings were held following an open bidding held in August, which failed because all offers went above the NFA’s approved budget of $456 a ton. Government-held stocks had been dwindling continually and remained at less than 15 days’ Read More …

