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HANOI: Vinafood 2, Vietnam's top rice exporter, has signed a new contract to sell 300,000 tonnes of the grain to Indonesia following a 500,000-tonne deal last month, a state-run newspaper said on Tuesday.
The contract was signed on Aug. 18 at a price of around $550 a tonne, free-on-board (FOB) basis, and met only half of the 600,000 tonnes sought by Indonesia, the Vietnam Economic Times newspaper reported.
In late July Vinafood 2 sold 500,000 tonnes of 15 percent broken rice to Indonesia for deliveries between August and October, part of Indonesia's efforts to boost its stockpiles and calm food prices during the Ramadan fasting month and Eid celebrations.
Copyright Reuters, 2011
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