Vietnam wins bid to export rice to Philippines

Vietnam has won a bid to export 300,000 tonnes of rice of 25 percent of broken rice to the Philippines at a price of 625 USD per tonne, according to the Vietnam Food Association.

The winning price at the Dec. 1 bidding was higher than the previous one on Nov. 14 at which Vietnam sold rice at 480 USD per tonne.

At present, price of 25 percent of broken rice is 480 USD per tonne in the world market.

The Philippines plans to open bids to buy 1.5 million tonnes of rice.

VFA said it has enough rice to participate in biddings on Dec. 4, 8 and 15.

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