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Vietnam wins contract for rice exports to Iraq
Vietnam has won a contract to ship 90,000 tonnes of five-percent broken rice to Iraq, announced by the Northern Food Corporation on March 1.
The Corporation, which was assigned by the PM as the main body for rice exports to Iraq, has negotiated and taken part in bidding for the contract.
With its prestige in business, the Corp. and the Vietnam-Iraq Rice Processing Joint Venture won contract for 60,000 tonnes of rice in October 2009, and is preparing for delivery now.
The last bidding finished on February 28 and Vietnam continued to become a winner with large amounts of rice bid. Between March and May 2010, Vietnam will export 150,000 tonnes of good-quality rice to Iraq.
Previously, the Prime Minister directed the Ministry of Finance to buy 50,000 more tonnes of rice from farmers for national reserves in 2010. On February 25, the Vietnam Food Association (VFA) guided its 30 members to buy up 1 million tonnes of rice for reserves to stabilise prices in the winter-spring season in the Mekong River Delta.
VOV
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