Vietnam, Indonesia sign pact on 200,000 tonnes rice

HANOI: Vietnam and Indonesia have signed a memorandum of understanding under which the world's second-largest rice exporter could sell 200,000 tonnes of rice to Indonesian state procurement body Bulog, traders said on Wednesday.

Bulog and Vinafood 2, Vietnam's largest rice exporter, have yet to fix prices for the deal while Indonesia was looking at having the grain delivered before the end of 2012, traders at foreign companies in Ho Chi Minh City said.