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NEWS UPDATES Asean Affairs    11 June 2012

Vietnam wins contract over Thailand to export rice to the Philippines

11 June 2012

The Viet Nam Southern Food Corporation (Vinafood 2) has won a contract to supply 100,000 tonnes of rice for the Philippines for the high price of US$400 per tonne.

According to the Philippines National Food Authority (NFA), it selected Vinafood 2 for the deal because its price is much lower than that quoted by Thailand. Shipments are due next month.

Vinafood 2 also expected to secure another contract with the Philippines to supply 20,000 tonnes of rice.

In the past, the Philippines regularly imported rice from Viet Nam under the two governments' agreements. However, over the last two years the country has changed its policy on contracts and now also allows the private sector to find trade partners themselves to get more competitive prices.

The Philippines this year will import a total of 500,000 tonnes of rice, of which 120,000 tonnes have been allotted to the NFA, while private traders and farmer groups will import the remaining 380,000 tonnes.

Viet Nam exported 788,296 tonnes of rice last month, the highest monthly amount since January 2010, lifting the country's rice exports in the first five months of this year to 2.5 million tonnes.

The ministry said it expected 6.25 million tonnes of rice to be shipped abroad this year, up 16 per cent more over last year.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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