Monday, April 28, 2008

Vietnam Will Supply Rice to the Philippines

The Philippine government announced Vietnam won the bid of being its primary rice provider. Vietnam will ship 102,000 tons at 1,200 per ton, the highest rate ever in the country's export history.

The shipment will be sent by June this year, according to the Viet Nam Food Association, saying the country will only export 3.5 million tons, a year-on-year decrease of one million tons, following Government instructions to ensure food security domestically.

The current volume of rice exports contracted by the Philippines has reached 2.4 million tons. So far, 1,380,000 tons have been delivered bringing in US$ 566 million. - Philippine News Agency

No comments: