The Indonesian National Logistics Agency on Wednesday announced the results of the tender to import 500,000 metric tons of rice.
Three major Vietnamese companies secured two lots of the bid each, including Loc Troi Group winning lot No. 8 and 14, Vietnam Northern Food Corporation obtaining lot No. 15 and 16, and Vietnam Southern Food Corporation clinching lot No. 3 and 9.
Four other Vietnamese firms winning the bid were Kien Giang Import-Export JSC, Phat Tai Co. Ltd., Gia International Corporation, and King Green Natural Foods JSC, which secured lot No. 12, 11, 6, and 2, respectively.
Besides the Vietnamese enterprises, Singaporean company R&S Trader PTE secured lot No. 10, 13, and 17.
Indonesia planned to import some three million metric tons of rice this year.
Meanwhile, Vietnam’s Mekong Delta is expected to harvest about six million metric tons of rice until April.
The National Authority for Agro-Forestry-Fishery Quality, Processing and Market Development under the Ministry of Agriculture and Rural Development forecast the world’s total rice output to reach 520 million metric tons this year, while the consumed volume may reach 525 million metric tons.
In other words, the world will face a shortage of five million metric tons of rice in 2024.
The export price of Vietnam’s five-percent broken rice has fallen US$11 per metric ton since early January, according to the Vietnam Food Association.
The prices of other types of rice have also experienced a decline.
Particulary, 25-percent broken rice is currently priced at $614 per metric ton, reflecting a decrease of $19 compared to the beginning of the previous month.
The Jasmine rice price has also declined by $8 to $720 per metric ton.
Source:Tuoi Tre News
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
