JavaScript is off. Please enable to view full site.

Philippines drops multinational rice purchase as Vietnam resumes exports

Sunday, June 28, 2020, 11:58 GMT+7
Philippines drops multinational rice purchase as Vietnam resumes exports
Rice is displayed for sale at Ben Thanh market in Vietnam's southern Ho Chi Minh City April 28, 2008. Photo: Reuters

MANILA -- The Philippine government has dropped a plan to import up to 300,000 tonnes of rice from various governments as its traditional main supplier, Vietnam, has resumed selling grains, the agriculture department said late on Saturday.

The Philippines, the world's biggest rice buyer, had planned to import under a government-to-government scheme to ensure sufficient supply during its lean harvest season in the third quarter.

State agency Philippine International Trading Corp (PITC) had issued a tender to import 25% broken, well-milled long grain white rice, with bids from India, Thailand, Vietnam and Myanmar opened on June 8.

Based on the ranking of qualified bids, Myanmar was on top with an offer of $489.25 a tonne for a volume of 33,000 tonnes and $494.25 a tonne for a separate volume of 42,000 tonnes.

Vietnam's Vinafood 1 would have also won a supply contract for 30,000 tonnes at $497.30 a tonne.

Other bids were rejected, including those from India and Thailand.

In a statement, Agriculture Secretary William Dar said the rice import plan had been dropped as it was "no longer necessary under the current situation".

Vietnam resumed its rice exports from May after a brief suspension to assess its local supply during the COVID-19 pandemic. The Philippines imports around 7% to 14% of its rice requirements, with 90% coming from its Southeast Asia neighbour.

Potential tightness in domestic supply "has been properly addressed with the lifting of the rice export ban by Vietnam and the rice import arrivals of around 1.3 million metric tonnes as of the third week of June," Dar said.

He expressed optimism that the country's remaining import requirement can be secured within the remaining six months of the year by the private sector. 



Read more




Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news