date:Aug 12, 2014
the approved budget, the NFA is authorised to spend up to 20,600 pesos ($469 dollar) per tonne, including delivery and insurance costs.
Vietnam's 25-percent broken rice variety last week rose to $440 a tonne, free-on-board at Saigon Port, from $415-$420 the week before. The same variety from Thailand was quoted at $400 per tonne, FOB Bangkok.
Tight supplies after strong first-half export volumes have held Vietnamese rice prices at their highest since early 2012, providing a chance for Thailand