Gov't to buy 1.5M tonnes of Vietnam rice in 2009

Reuters

Posted at Feb 04 2009 10:41 AM | Updated as of Feb 04 2009 06:49 PM

HANOI - Vietnam expects to export 1.5 million tonnes of rice this year to the Philippines, the government said on Wednesday.

Previously, traders had said the two countries had signed an agreement for at least 1 million tonnes of rice, of which 500,000 tonnes would be delivered in February and March.

Overall, Vietnam's exports this year could reach up to 5 million tonnes, an increase of about 6.4 percent over 2008, the government said in a rice report.