13 firms keen on supplying RP with 250,000 MT imported rice

Imported rice to increase NFA buffer stock

Thirteen companies have expressed interest in supplying the National Food Authority (NFA) with 250,000 metric tons of 25 percent broken, well-milled long grain white rice.

Representatives of the 13 firms attended the pre-bidding conference conducted by NFA’s special bids and awards committee on July 13, 2017 at the Salvador H. Escudero Hall of the National Meat Inspection Service (NMIS) in Quezon City.

The 13 prospective bidders from Vietnam, Thailand and Singapore that bought Bid Documents from the NFA under the government-to-private or open tender scheme are: Olam International Limited, Ponglarp Co. Limited, Thai Hua Co. Limited, Vietnam Southern Food Corp. II, Vietnam Northern Food Corp. (Vinafood I), Gentraco, Gia International Corp., Louis Dreyfus Company, Capital Cereals Co. Ltd., Thai Granlus Int’l. Inc., Phan Min Investment Production Trading Services Co. Ltd., and Hiep Loi Food Jsc.

The NFA Council (NFAC) has prescribed the Open tender scheme to allow more private suppliers to participate. The total volume of imports was divided into 8 lots and a supplier can bid for only a maximum of 50,000 MT.

NFAC is composed of representatives from various agencies such as the Office of the Cabinet Secretary (Chairman), NFA (Vice-Chairman), Bangko Sentral ng Pilipinas, Development Bank of the Philippines (DBP), Land Bank of the Philippines (LBP), Department of Finance, Department of Trade and Industry (DTI), National Economic and Development Authority (NEDA), Office of the Executive Secretary, and Farmers Sector Representative.

Representatives from the Office of the Cabinet Secretary, DBP, and Philippine International Trading Corporation (PITC) also attended the pre-bid conference.

Discussed during the pre-bid conference are the Terms of Reference (TOR) for the importation.

Highlights of the TOR are: the pre-qualification requirements, technical specifications of the commodity (rice) to be imported, quantity and source, arrival and delivery periods, bid and performance bond, price, packaging, loading and discharging ports unloading operations, payment, surveyor and cargo handler, default and penalties, among others.

Delivery period for the imports has been staggered from August to September 2017.

The TOR, which is also available at the NFA website (nfa.gov.ph), identifies the discharging ports and corresponding quantities.

The imported rice volume will increase the buffer stock of NFA for an additional seven days based on the daily rice consumption requirement of 31,463 MT. (PR/PNA)