SUMMARY
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The Philippines bought 187,000 metric tons (MT) of 25% broken white rice from Vietnam as it prepares for the lean season. The National Food Authority (NFA) awarded the supply contract to Vietnam’s Southern Food Corp. under a government-to-government tender. Upon delivery, the purchase will augment the country’s buffer stock by 6 days. The current stock can cover only 19 days of demand, below the 30-day requirement. The rice will arrive mid-June, in time for the lean months of July to September. The Philippines intends to produce over 20 million MT of unmilled rice in 2013, higher than 2012’s production of 18 million MT.
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