First tranche of rice importation draws 15 foreign bidders
15 foreign bidders have formally expressed their interest to participate in the first part of rice importation that the Philippine government is set to conduct.
Of the additional 750,000 metric tons (MT) of rice that the country is importing this year, supply contracts for the 250,000 MT is now being bid out by the National Food Authority (NFA) via an open tender scheme.
Yesterday, NFA conducted a pre-bid conference wherein 15 foreign companies from Vietnam, Thailand, Singapore, United Arab Emirates, and Myanmar expressed their interest to supply the agency with the needed stocks.
A report in Manila Bulletin showed that of the 15 bidders, six came from Vietnam namely Vietnam Northern Food Corp., Vietnam Southern Food Corp., Tan Long Group Joint Stock Co., Thinh Phu An Giang Import Export Corp., Khiem Thanh Agricultural High-tech Joint Stock Co. and Gia International Corp.
Meanwhile, there are five firms from Thailand that are interested, namely Ponglarp Co. Ltd., Thai Hua Co. Ltd., Capital Cereals Co. Ltd., Asia Golden Rice Co. Ltd. and Thai Capital Crops Co. Ltd.
Other bidders are Olam International Ltd. and ADM Asia Pacific Trading Pte. Ltd. from Singapore, Phoenix Global DMCC from United Arab Emirates and Shwe Wah Yaung Agricultural Products Co. Inc. from Myanmar.