(News resource: ABS-CBN, Mar. 23, 2011)
The Philippines on Wednesday agreed to import 200,000 tons of rice from Vietnam, a deal expected to push up prices in the world's second-largest exporter of the grain, but still below rival Thailand. The Philippines state grains agency is seeking to bring in this year's rice imports before the lean harvest season starts in July. It is also in talks for a similar deal with Thailand, the world's top exporter. But traders in Thailand said they were unlikely to supply a big portion of Manila's rice needs with Thai prices well above those in Vietnam.
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