MANILA (Mabuhay) – The National Food Authority (NFA) said on Monday Thailand offered the lowest price to supply 300,000 tons rice under a government-to-government deal.
Thailand offered to supply the volume for $475 per ton, lower than Vietnam’s offer of $479 per ton.
The NFA bidding committee invited Vietnam to supply the remaining 200,000 tons the country needs to beef up its stockpiles, but at the same price offered by Thailand.
Cambodia was disqualified from the tender because its offer was not compliant with the delivery schedule of Oct. 15 to Dec. 15 set by the NFA.
The Philippines, one of the world’s biggest buyers of the grain, is rushing to boost thin stockpiles after releasing more rice from state warehouses in recent months to flood the local markets with cheap varieties and bring down high retail prices. (MNS)