Vietnam has won a contract to export 150,000 tonnes of 25 percent broken rice at US$480 a tonne after the Philippine made a bid to buy 250,000 tonnes of rice on November 4.
The price of this rice on the world market is normally US$390 a tonne.
The Philippines, known as Vietnam’s main rice export market is expected to buy more than 2 million tonnes next year to ensure the country’s domestic needs.
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