The Philippines, one of the largest rice importer in the world, plans to buy 250,000 tonnes of rice from one of the countries of Vietnam, Thailand and Cambodia to reserve before the rainy season.
Chairman of the National Food Commission (NFA ), Leoncio Evasco, was presented to President Rodrigo Duterte this plan for approval, information from the spokesman of the NFA, Imperial said Angel.
this contract will be the first to import rice in the new government 6 weeks ago officials. Mr. Duterte goal rice self-sufficiency in its 6-year term of office.
It is also the first time the Philippines returned to the market after six months of absence, and the exporting country hopes the move will support prices Asia - which has diminished in recent weeks because of weak demand.
NFA rice stocks as of 31/7 enough for 25 days. He said Imperial reserve level requirements for minimum pre-harvest season is 30 days.
Government sources said the import will be carried out through the form of government contracts, and suppliers in Vietnam, Thailand and Cambodia will bid. Goods traffic is expected before the end of Q3
Source: http://vinanet.vn
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