Vietnam secures rice contract with the Philippines
(VOV) - Vietnamese businesses have beat their Thailand and Cambodian rivals in a bid to supply 500,000 tonnes of 25% broken rice to the Philippines, according to the Vietnam Food Association (VFA).
Rice will be delivered to its importers from December 2013 to March 2014, VFA President Truong Thanh Phong revealed on November 27.
Vietnam has shipped 350,000 tonnes of rice to the Philippines since the beginning of this year, Phong said.
It has exported 5.93 million tonnes of rice FOB for US$2.548 billion as of November 21, 2013. Fragrance rice for export is expected to amount to 700,000-800,000 tonnes this year, an increase of 70% from the previous year.