HAMBURG: The Philippines’ state agency National Food Authority on Monday purchased 250,000 tonnes of rice in an international tender, European traders said.
Prices were between $465.04 and $461.75 a tonne c&f in line with offers received earlier.
Of the total, 212,500 tonnes will be sourced from Thailand and the rest from optional origins.
The tender continued recent strong rice purchasing on global markets by the Philippines as the country seeks to build up stocks and cool local prices.
The tender had sought up to 250,000 tonnes of sourced from any origin and was open to state or private suppliers.
Source: Brecorder
