NFA sets 3rd attempt to bid out rice contracts

A third attempt to secure 203,000 metric tons (MT) of rice import contracts will be made by the National Food Authority (NFA) next week following Tuesday’s failed bidding, Agriculture Secretary Emmanuel Piñol said.

Piñol, who chairs the NFA Council, said the policy-making body had approved “some adjustments” after both Thailand and Vietnam offered prices higher than the $447.88/MT reference price under the government-to-government (G2G) tender.