Philippines invites tenders for 250,000 tonnes of rice

Philippines invites tenders for 250,000 tonnes of rice (Illustrative image. Source: VNA)

Hanoi (VNA) – Philippines’ National
Food Authority (NFA) on July 6 invited tenders for 250,000 tonnes of 25 percent
broken long grain white rice in order to add to the government’s stockpile.

Bids must be submitted before July 25 and the
entire 250,000 tonnes are required to arrive in the Philippines between August
and September. 

The Philippines, one of the world’s largest rice
importers, usually buys from major suppliers such as Thailand and Vietnam. 

However, this time’s bidding is opened to
private suppliers from other countries, including Pakistan and India, as the Southeast
Asian country shifted away from buying rice under government-to-government
deals to ensure competitiveness and transparency, following accusations that
some officials were making money from such deals.

Previously, in May, the NFA announced a
preliminary tender plan to boost the country’s low stockpiles before the lean
harvest season and to offset potential crop damage during the typhoon season,
which typically peaks in October to December.

The current stockpile of the country is just
enough to cover eight days of national requirements. The NFA is required to
maintain a 15-day buffer stock at any time during the year and at least 30 days
during the off-season taking place from July to September each year.-VNA

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