# Unawarded rice import contracts to be rebid soon - BusinessWorld Online

> The Philippine National Food Authority awarded only three rice import contracts totalling 47,000 MT against a 250,000 MT target, and will rebid unawarded lots alongside later batches. The government also set suggested retail prices for rice starting October 27.

- Date: 2018-10-23 · published 2018-10-23T12:00:00.000Z
- Category: trade · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/62617-unawarded-rice-import-contracts-to-be-rebid-soon-businessworld-online
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Slow Philippine import uptake and rebidding suggest continued demand for Asian rice, a modest support for export prices.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-10-05 | [Pre-bid conference for rice importation draws 12 companies - BusinessWorld Online](https://feedsoft.ai/events/62618-pre-bid-conference-for-rice-importation-draws-12-companies-businessworld-online.md) | -0.9% | -1.3% |
| RICE | 2018-11-13 | [Suppliers refuse to meet NFA price as rice auction fails again – BusinessWorld Online](https://feedsoft.ai/events/62119-suppliers-refuse-to-meet-nfa-price-as-rice-auction-fails-again-businessworld.md) | +1.2% | -0.9% |
| RICE | 2021-11-09 | [Basmati exports to gain momentum as Iran lifts seasonal ban on rice imports - The HinduBusinessLine](https://feedsoft.ai/events/44025-basmati-exports-to-gain-momentum-as-iran-lifts-seasonal-ban-on-rice-imports-the.md) | +6.1% | +4.3% |
| RICE | 2017-03-01 | [Colombia to Remove Import Restrictions on U.S. Rough Rice \| USA Rice Federation](https://feedsoft.ai/events/72060-colombia-to-remove-import-restrictions-on-u-s-rough-rice-usa-rice-federation.md) | -0.1% | +5.1% |
| RICE | 2024-02-21 | [The impact of India’s rice export restrictions on global markets, supplies and prices \| The Business Standard](https://feedsoft.ai/events/31740-the-impact-of-india-s-rice-export-restrictions-on-global-markets-supplies-and.md) | -1.0% | -2.4% |

## Sources

- bworldonline.com: https://bworldonline.com/economy/2018/10/23/195076/unawarded-rice-import-contracts-to-be-rebid-soon/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.