NFA fails to get supplier of 203,000 MT of rice
The National Food Authority (NFA) has failed to secure offers for the supply of 203,000 metric tons (MT) of 25 percent broken long grain white rice under a government-to-government (G2G) tender with the governments of Thailand and Vietnam.
Thailand and Vietnam are the only two countries with existing Memorandum of Agreement on Rice Trade with the Philippines.
The subject volume for bidding was the balance from the 250,000 MT offered for bidding last October 18 under the Open Tender scheme.
With majority of the bid offers exceeding the NFA’s approved budget of US$428.18/MT, only 47,000 MT was awarded to three suppliers who offered prices lower than the approved budget.
During the G2G importation for the 203,000 MT, Thailand and Vietnam both said they wont participate in the bidding.
In a letter dated November 6, Bach Ngoc Van, Deputy General Director of Vietnam Southern Food Corporation (VINAFOOD II), said they “could not meet NFA’s Terms of Reference (TOR)’s regulations” thus they will not participate in the bidding.
The letter was opened during the Opening of Bids the other day.