The Department of State Reserves has successfully completed the tender process for 200,000 tonnes of rice to be added to this year’s national reserves.
Vietnamese businesses have secured three rice lots totalling 85,000 tonnes, representing 17% of Indonesia's massive 500,000-tonne rice tender in October, according to the rice market news site SSRicenews.
Indonesia has announced a record rice tender for September, seeking to acquire up to 450,000 tonnes from international suppliers.
With the current uncertainties in the global rice market, Indonesia's call for larger rice tenders is a major opportunity for exporters, particularly those from Vietnam.
VOV.VN - With a series of key markets announcing plans to import rice, Vietnamese rice businesses are expected to win big on a rising global demand and rising market prices this year.