16 firms looking to sell PH’s much needed imported rice
16 foreign companies have expressed interest to supply the Philippines its much needed imported rice totalling 250,000 metric tons (MT).
In an effort to effectively build up government buffer stocks for this year’s lean months, NFA has already begun the process of rice procurement for another 250,000 MT under an open tender scheme where supply could come from any country and suppliers could come from either the private or government sector.
The 16 bidders, who expressed interest to supply the imported rice, are from Vietnam, Thailand, Singapore, United Arab Emirates, Pakistan, and the Philippines.
To be specific, seven came from Vietnam namely Vietnam Northern Food Corp., Vietnam Southern Food Corp., Gentraco Corp., Gia International Corp., Hiep Loi Joint Stock Co., Phan Minh Investment Production Trading Services, and Khiem Thanh Co. Ltd.
Thailand has five including Ponglarp Co. Ltd., Thai Hua Co. Ltd., Capital Cereals Co. Ltd., Asia Golden Rice Co. Ltd. and Thai Capital Crops Co. Ltd.
The other bidders are Olam International Ltd. from Singapore, Phoenix Global DMCC from United Arab Emirates, Meskay & Femtee Trading Co. Ltd. from Pakistan, and Paritas Trading Corp. from the Philippines.
Deadline for submission of bids is on May 22 at 10 am. Opening of Bids will be held 5 minutes later at 10:05 am of the same day.
The total volume is divided into nine lots to be delivered via 14 designated discharge ports across the country, namely, Poro Pt., La Union; Batangas; Subic; Tabaco; Iloilo; Bacolod; Cebu; Tacloban; Zamboanga; Cagayan de Oro; Surigao; Gen. Santos City; Davao City and Manila.