Philippines to import more rice from Vietnam

NDO/VNA—Philippine businesses have been allowed to import an additional 293,100 tonnes of rice from Vietnam to ensure food supply during the 2017 between-crop period, according to the Vietnam Food Association (VFA).

Philippine businesses will import an additional 293,100 tonnes of rice from Vietnam.
Philippine businesses will import an additional 293,100 tonnes of rice from Vietnam.

The businesses are also permitted to buy a similar amount of rice from Thailand and 50,000 tonnes from China, India, Pakistan and other countries, with a total volume of 805,200 tonnes.

The time for delivery is set before February 28, 2017.

VFA Chairman Huynh The Nang said that this was a chance for Vietnamese businesses to boost rice consumption, which is low now.

In late August 2016, Vietnam won a bid to provide 150,000 tonnes of rice to the Philippines at the price of US$424.85 per tonne.