Philippines to buy 500,000 tonnes of rice
date:Jul 24, 2014
ries of deals from last November to import a total of 1.5 million tonnes of rice from Vietnam, the country's traditional supplier. Prices of Vietnamese low-quality 25-percent broken rice were quoted at $385-$390 a tonne a week ago, up around 5 percent from the week before and the highest in nearly seven months amid limited supply and regional buying.

The country was Asia's fourth-biggest rice importer in 2013 and the world's eighth-largest. The government approved a total 705,000 tonnes of ric
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