Vietnam wins 150,000 ton rice export bid

Vietnam won a Wednesday bid to export 150,000 tons of 25 percent-broken
rice to the Philippines at US$480 a ton, reported the Vietnam Food
Association the same day.

Winner of the remainder of the Philippines' 250,000 ton quota was the
Daewoo Group of South Korea, who contracted to sell 100,000 tons at $468
per ton.

During the first ten months of this year, Vietnam shipped 5,372,000 tons
of rice, valued at $2.2 billion.

The nation signed deals to export over six million tons of rice this year.

In 2008, Vietnam exported 4.65 million tons for $2.6 billion.