VNEconomyNews.com - A committee of the Filipino National Food Authority (NFA) has proposed seeking rice suppliers from Vietnam and Thailand, according to the Businessworld network.
The network quoted NFA leader Angelito T.Banayo as saying that a bidding profile to import 100,000 tonnes through inter-government contracts was completed on May 28.
He said Vietnam and Thailand had sent their bidding profile last week.
Banayo said Vietnam offered a cheaper price and better conditions than that of Thailand, and the NFA bidding committee has accepted the Vietnamese profile and sent it to the NFA for approval.
The rice shipment from Vietnam many start on June 11 as part of the total 120,000 tonnes of rice the Philippines plans to purchase this year.
The country has recently completed a contract to buy 20,000 tonnes of rice from Cambodia. If its negotiation with Cambodia fails the winner of this bidding will supply an additional 20,000 tonnes of rice.