NFA to issue import tender for 250,000 tons of rice in June


Posted at May 22 2017 11:51 AM

A rice vendor tends to his stall at the Quinta Market in Quiapo area in Manila. Jonathan Cellona, ABS-CBN News

MANILA - The Philippines' state grains buyer said on Monday it was looking to issue a tender to import 250,000 tons of rice from private traders, including those in Vietnam and Thailand.

The National Food Authority will announce the bidding immediately after securing approval from the NFA Council, which may meet this week, NFA spokesman Marietta Ablaza told Reuters.

The cargoes should arrive later in June or early July to boost the NFA's stockpile ahead of the lean harvest season and the typhoon months in the second half of the year, she said.