11 traders eye bidding for rice import deals

At least 11 international traders are vying to supply Manila’s lean season rice requirement, with at least five bidders seen splitting the supply agreement for 250,000 metric tons (MT) of rice.

NFA Deputy Administrator Tomas Escarez, chairman of the agency’s special bids and awards Committee, told reporters each trader could offer bids for any of the eight lots available, but only up to the maximum volume of 50,000 MT to allow smaller players to join.