PHL says Thailand submits best bid for rice supply deal

Deputy presidential spokesperson Abigail Valte said the National Food Authority will name the parties behind the hoarding of rice will be named soon, but not while an investigation is still ongoing. She said the NFA is not keen on publicizing names at this time, lest those involved be tipped off. (MNS Photo)

Deputy presidential spokesperson Abigail Valte said the National Food Authority will name the parties behind the hoarding of rice will be named soon, but not while an investigation is still ongoing. She said the NFA is not keen on publicizing names at this time, lest those involved be tipped off. (MNS Photo)

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)

About the Author

Related Posts