Vietnam has won a contract to export 187,000 tonnes of 25-percent
broken rice to the Philippines . It will ship the rice between April
and June this year, according to the Vietnam Food Association (VFA).
With a price of 459.75 USD per tonne, higher than the market average
of 365 USD, VFA hopes that the contract will help increase the domestic
price of rice in the coming time despite the current saturated market.
In the second quarter of this year, 2.2 million
tonnes of rice is expected to be exported, including an estimated
800,000 tonnes in April alone.
Vietnam has
harvested a huge number of rice export contracts, which will amplify
exports in the next two months, said the VFA.-VNA