NFA sees no need to do another importation
As it just awarded the 250,000 metric tons (MT) rice import contracts to five companies, the National Food Authority (NFA) has clarified that it has no plans yet for further rice imports at this time.
NFA administrator Jason Aquino said the agency will first focus on the immediate presence of NFA rice in the markets, as imports arrive, to possibly pull down and stabilize rice prices.
The NFA is also considering new modes of rice distribution to effectively cater to the needs of the intended beneficiaries of good quality government subsidized rice.
Five suppliers from Thailand and Singapore were recently awarded the contract to supply a total of 250,000 metric tons (MT) of 25 percent broken, well milled long grain white rice for NFA under the open tender bidding held May 22, 2018.
A total of 19 suppliers participated in the bidding, but only 13 passed the eligibility and technical requirements. Of the 13 who offered bids, only five eventually passed the post-qualification evaluation of the NFA’s special bids and awards committee.
These companies are Thai Hua (2511) Co., Ltd. for the supply of 75,000 MT; Capital Cereals Co. Ltd. for 43,000 MT; Asia Golden Rice Co., Ltd. for 58,500 MT; Ponglarp Co. Ltd. for 36,000 MT; and Olam International Limited for 37,500 MT.
Except for Olam International, which is based in Singapore, all the other suppliers are from Thailand.
The fresh stocks will form part of the NFA’s food security stocks during the lean months of July to September.
Bulk of the volume or 200,000 MT are scheduled to arrive in the country not later than July 31, 2018, while the remaining 50,000 MT should be delivered not later than August 31, 2018.
The total volume was divided into seven lots with corresponding discharge ports in Luzon, Visayas and Mindanao to facilitate distribution to the markets and intended beneficiaries.
Designated discharge ports are: Poro Pt. in La Union, Batangas, Subic, Tabaco, Iloilo, Bacolod, Cebu, Tacloban, Zamboanga, Cagayan de Oro, Surigao, Gen. Santos City, Davao City and Manila.