Philippines purchases Vietnamese rice
(VOV) - Vietnam has won a contract to supply 187,000 tonnes of rice to the Philippines.
The information was released by General Director of the Southern Food Corporation (Vinafood 2) Truong Thanh Phong, on April 11.
Under the new contract, won at a bidding session launched on April 3, Vietnam will ship 25-percent broken rice to the Philippines from April to June at a price of US$459.75/tonne.
Vietnamese rice is currently enjoying a higher export price than the global market, which is hovering around US$365/tonne.