AgriNurture Inks MOA with Vinafood on Rice Trade

AgriNurture Inc. (PSE: ANI) has entered into a Memorandum of Agreement (MOA) with Vietnam Southern Food Corp. – Vinafood II (Vinafood), a state-owned corporation duly designated and assigned by the Government of Vietnam to export rice and to help achieve food security in Southeast Asia. Under the MOA, Vinafood agrees to exclusively supply ANI up to two million (2,000,000) metric tons of long grain rice per year for importation to the Philippines.

The terms and conditions of the exclusive supply agreement shall be finalized in accordance with applicable Philippine laws, including but not limited to, the proposed rice tariffication bill.