Cuba To Purchase 40,000 MT Rice From Vietnam

Cuba To Purchase 40,000 MT Rice From Vietnam
Published on 10th February, 2010 16:11:00

According to reports in the local Vietnamese media, Cuba will buy
400,000 MT of rice this year from Vietnam through its regular purchases
with deferred payment, which is a drop of almost 11 % from last year.
Vietnam Northern Food Corp, or Vinafood 1, will sell the grain with
payment deferred for 1-� years; Deputy Chairman Pham Van Bay of the
Vietnam Food Association (VFA) was quoted as saying by Thoi Bao Kinh Te
Saigon Online newspaper.

Hanoi-based Vinafood 1, the country's second-largest rice exporter after
Vinafood 2, has been assigned by the government to supply rice to Cuba
under annual deals. Vietnam accounts for most of Cuba's annual rice imports.

Commodities Buzz: Cuba To Purchase 40,000 MT Rice From Vietnam (10
February 2010)
http://www.bloombergutv.com/stock-market/commodities-market/commentary/374256/commodities-buzz--cuba-to-purchase-40-000-mt-rice-from-vietnam.html