Philippines-Vietnam rice deal raises questions over pricing, implementation

Market participants in the Philippines and Vietnam expressed skepticism May 11 over the reported rice trade agreement between the two countries, saying details remain unclear and that the Philippine government may have limited ability to secure Vietnamese fragrant 5% rice at the targeted level of $450/metric ton, a price well below current market values. The uncertainty has cast doubt on whetherMarket participants in the Philippines and Vietnam expressed skepticism May 11 over the reported rice trade agreement between the two countries, saying details remain unclear and that the Philippine government may have limited ability to secure Vietnamese fragrant 5% rice at the targeted level of $450/metric ton, a price well below current market values. The uncertainty has cast doubt on whetherRead More