HA NOI (27-05-2006) — Vietnamese enterprises won the bid for a contract of 50,000 tonnes of 5-per-cent broken rice to be shipped to Iraq, according to the Viet Nam Food Association.
Viet Nam will export rice to Iraq at a price of US$270 per tonne free-on-board, beating competitive bidders by $10, said an official from the association. Iraq has an option to purchase an additional 150,000 tonnes, he added.
Thailand currently exports 5-per-cent broken rice at prices $32-33 higher than Viet Nam’s, hitting $302-303 per tonne. Viet Nam’s Southern Food Corporation recently also beat rivals Thailand, China and the US to win contracts for the export of 440,000 tonnes of rice to the Philippines.
In the first four months of this year, Viet Nam exported 1.75 million tonnes of rice, earning $480 million, according to the Ministry of Agriculture and Rural Development.
From Vietnam News: http://vietnamnews.vnagency.com.vn/showarticle.php?num=03BUS270506
More info on Vietnam rice production and exports: http://tinyurl.com/fopbb
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