The Philippines' National Food Authority has issued a new international tender to state-owned agencies only to purchase up to 203,000 tonnes of rice, European traders said on Thursday. The rice is sought for December arrival. The new tender continues a recent surge in rice purchasing by the Philippines.
President Rodrigo Duterte on Oct. 9 scrapped 20-year-old import restrictions on rice to combat soaring prices by increasing domestic supplies. Rising rice prices have contributed to increased inflation in the country. The authority on Nov. 1 also issued a separate tender to both private trading companies and state sellers to buy up to 500,000 tonnes of rice closing on Nov. 20.
Traders said the new tender for 203,000 tonnes involved offers being submitted on Nov. 13 to Nov. 14. "The precise date is unclear so far," a trader said. A previous tender from the Philippines issued to state sellers only ended without success when Vietnam and Thailand declined to offer.
The new 203,000 tonne tender seeks well milled, long grain white rice of 25 percent broken grade. It is sought in sacks in break-bulk shipment. Some 50,000 tonnes was sought for arrival in the Philippines by Dec. 15 and 153,000 tonnes by Dec. 31. Unloading is sought in a series of ports in the Philippines.