The awarding is based on the Government-to-Government Procurement held on February 27, 2015. The importation is intended for the country’s buffer stock for the coming leans months of July-September as well as part of the strategic rice reserve during calamities, natural or man-made.

• Offered price for the supply of 25% brokens was US$421.00 per metric ton and US$441.00 per metric ton for 15% brokens. The offered price for the 25% brokens at US$ 421.00 per metric ton is 11.4% is lower than the price offer of US$475.00 in last year’s government-to-government purchase of 500,000 metric tons held in September, 2014. Both offers are also below reference or world prices.

• Thailand and Vietnam who have an existing rice supply agreement with the Philippines participated in the G-to-G procurement. Cambodia who has also an existing international agreement did not submit its offer due to prior commitments.

• Thailand through its Department of Foreign Trade-Ministry of Commerce shall supply 100,000 metric tons 25% brokens and 100,000 metric tons 15% brokens while Vietnam Southern Food Corporation shall supply the remaining 150,000 metric tons 25% brokens and 150,000 metric tons 15% brokens.

• 50% of the shipment is expected to arrive not later than March 31, 2015 while the remaining balance is expected to arrive not later than April 30, 2015.

• The price offered included the cost of freight-delivered at place (CIF-DAP) in NFA designated warehouses in the country.