Philippines seeking another 300,000 t rice imports amid pandemic

Date: 2020.05.13

The Philippines is seeking another 300,000 tonnes of rice imports to boost state stockpiles while battling the coronavirus pandemic and ahead of its own lean season in the third quarter, a senior official said on Monday.

A government-to-government deal of this volume would raise Philippine rice imports so far this year to a record 3 million tonnes. Agriculture Secretary William Dar said in a statement the government has already sent inquiries to Asia's biggest producers in Myanmar, Vietnam, Thailand, India and Cambodia.

Fresh demand from the Philippines, the world's top rice buyer, could boost export prices in Asia that are already at their highest in as much as two years.

Last week, rice export prices from India held near a nine-month high on strong demand from buyers in both Asia and Africa. Prices in Vietnam for its 5% broken rice variety hit a two-year peak due to lower domestic supplies.

Read more here.

Comment

You may also like

2014.10.17
6,678
Sung-Jae Chun Public-Service Advocate of Korea   This article is a news release of the Ministry of Agriculture, Food and Rural Affairs, Republic of Korea which was distributed on September 18, 2014. It discusses the tariff rate on imported rice from 2016 when Korea goes to rice import...
2019.12.09
1,002
INTRODUCTION The Korean liquor industry has been growing steadily under the government’s institutional regulations and protective measures. Since the late 2000s, however, the competitive environment has been changing structurally due to changes in consumer preferences such as the opening of...
2014.01.23
3,893
Dr. Reni Kustiari Agricultural Economist, Indonesian Center for Agriculture Socioeconomic and Policy Studies Ministry of Agriculture, The Republic of Indonesia, email:kustiarireni@yahoo.com   Background Expenditure on fresh horticulture products by urban consumers accounted for...