PHL secures 200,000 MT of rice from Vietnam

The Philippine government will import 200,000 metric tons (MT) of milled rice from Vietnam Southern Food Corp. at a price of $480 for each MT, the state grain agency said Wednesday.In a press briefing, National Food Authority (NFA) administrator Lito Banayo said the government secured the volume "before interest rates and freight costs increase.""If we would act later than now, freight charges

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