Dear Sirs, This is to confirm your telex of 16 January, 2009 , asking us to make you firm offers for rice and soybeans CIF Singapore. We telexed you this morning offering you 300 metric tons of polished rice at $2400 per metric ton, G&F Singapore , for shipment during March/April 2009． This offer is firm, subject to the receipt of your reply before 10 February 2009. Please note that we have quoted our most favourable price and are unable to entertain any counter offer. With regard to soybeans, we advise you that the few lots we have at present are under offer elsewhere． If, however, you were to make us a suitable offer, there is a possibility of our supplying them． As you know, of late, it has been a heavy demand for these commodities and this has resulted in increased prices． You may, however, take advantage of the strengthening market if you send an immediate reply.