Rice from Vietnam

The National Food Authority Council will award the contract for the supply of 100,000 metric tons of long grain white rice 25% brokens to Vietnam based on their revised offer of US $416.85/MT under the Government-to-Government Procurement Scheme. The NFA Committee on Government-to-Government Procurement (CGGP) rejected the initial offers from participating countries which was way above the government’s price reference of US$408.14/MT during the initial bidding on June 16, 2015.

Cambodia’s revised offer was US$455.50/MT while Thailand declined to submit a revised offer. The 100,000 MT is part of the 250,000 metric tons approved by the NFA Council for importation through the recommendation of the Food Security Committee in preparation for the lean season when supply of rice is traditionally low and prices are high. NFA has to maintain a 30-day buffer requirement beginning the lean month of July.

Vietnam was also awarded for the supply of 150,000 MT, 25% brokens well-milled long grain rice made earlier. The shipment is expected to arrive in the country by August 15, 2015.

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