Flashermac Posted April 30, 2013 Report Share Posted April 30, 2013 MANILA - The Philippines government has approved the purchase of 187,000 tonnes of rice from Vietnam because it underbid Thailand by a huge margin. The Philippines news site Rappler.com reported Tuesday that Vietnam's Southern Food company offered a price of $459.75 per tonne to win the bid. The Thai government, the only other bidder on the Philippines contract, offered a price of $568 per tonne for the 25% broken white rice. That made the Thai price $108.25 higher than Vietnam's offer - per tonne, or $20.2 million for the order. The Philippines sale appeared to provide more proof that Thailand is finding it difficult to impossible to sell rice at a competitive price because of the high prices it is paying to farmers for paddy. For the Philippines, it was a one-time importation deal. National Food Authority (NFA) administrator Orlan Agbin Calayag told reporters he expects the country to be self-sufficient for the rest of the year. http://www.bangkokpost.com/news/politics/347748/philippines-chooses-cheap-vietnam-rice-over-thai Well done, Pheu Thai! Link to comment Share on other sites More sharing options...
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