Vietnam secures bid to export 50,000 tons of rice to Indonesia

September 13, 2023

HCMC – A Vietnamese firm has successfully secured a bid to export 50,000 tons of 5% broken rice to Indonesia as this country wants to import 300,000 tons of rice. Phat Tai Food Limited Company, based in Dong Thap Province, is the sole Vietnamese company to win the bid for 50,000 tons. Indonesia’s Logistics Agency Bulog had previously invited companies from major rice-exporting countries, including Vietnam, Thailand, Pakistan and Cambodia, to submit tenders to supply 300,000 tons of 5% broken rice. Le Phat Long, director of Phat Tai Food, said that the rice is sold at Cost-Insurance-Freight (CIF) prices ranging from US$640 to US$650 per ton. The Philippines and Indonesia are among Vietnam’s largest rice buyers.

The source of this news is from The Saigon Times