Vietnam to sell rice to RI

Vietnam to sell rice to RI

HANOI (Reuter): Vietnam will sell Indonesia 265,000 tons of
rice in the next two months in order to help meet shortages, a
former Indonesian food minister was quoted as saying yesterday.

The Saigon Newsreader, a daily news digest published in Ho Chi
Minh City, quoted former minister Bustanil Arifin as saying
Indonesia had planned to import 900,000 tons of rice from Vietnam
but Vietnamese firms did not have a surplus that large.

The 265,000 tons would be of medium quality 25 percent broken
rice sold at US$200 to $220 per ton CIF, the newspaper said.

It said Arifin, whom it described as an adviser to Food
Minister Ibrahim Hasan and managing director of a private
company, was speaking during a buying mission in Ho Chi Minh
City.

The first shipment would leave very soon and the last would
arrive in Indonesia by November, it added. Suppliers would be the
state firm Vinafood Two, the Nation Food Security Reserve and
some Mekong Delta provinces.