NFA hoping more businesses participate in G2P auction
The National Food Authority (NFA) is still hoping for more companies to show interest in the government-to-private (G2P) auction of 250,000 metric tons of rice.
The state-run grains agency has only attracted 11 interested firms according to NFA Deputy Administratior Tomas Escarez said during a pre-bid conference held July 12.
These 11 companies are Olam International Limited, Ponglarp Co. Limited, Thai Hua Co. Limited, Vietnam Southern Food Corp. II, Gentraco, Gia International Corp., Louis Dreyfus Company, Vietnam Northern Food Corp. (Vinafood I), Capital Cereals Co. Ltd., Asia Golden Rice Co. Ltd., Thai Granlux International, Inc.
“The very purpose of the NFA Council is for more private sector participation. The more participants the better so one supplier can’t have all the contracts,” Escarez said.