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Article: NFA keeps option open on rice import price tender.(Main Business)
- Article from:
- Manila Bulletin
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The National Food Authority (NFA) has the option to buy another 62,500 tonnes of rice over the next six months at prices offered during Wednesday's state tender for 250,000 tonnes, a government official said Thursday.''Under the law, we are allowed to re-order 25 percent of the tendered volume,'' said Rex Estoperez, spokesman at the NFA.''The prices are valid for six months and if prices at the tender are better than market prices six months from now, we can re-order,'' he said.Korean trading firm Daewoo International Corp. gave the lowest bid of $468.50 a ton, cost and freight, to supply 100,000 tonnes of 25 percent broken white rice, from Thailand and Vietnam, for ...
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