Rice imports to the Philippines amounted to 2.8 million metric tonnes (MT) through the first 8 months of this 12 months, 19% larger than he similar interval final 12 months, information from the nation’s Division of Agriculture (DA) confirmed.
In its newest report, the division’s Bureau of Plant Business (BPI) mentioned in August alone, rice from overseas elevated to 296,350.9 MT in comparison with 167,403 MT in July. Nonetheless, it was nonetheless decrease than the common month-to-month arrival of 400,000 MT logged within the earlier months.
Agriculture Assistant Secretary and spokesman Arnel de Mesa mentioned rice costs have been lowering. Common and well-milled rice is offered at round 45 PHP (US$0.8) per kilo and even as little as PHP42, he added.
In keeping with the report, Vietnam remained the Philippines’ high supply of the staple through the interval, delivery over 2.17 million MT or round 77% of the nation’s whole imports within the January-August interval. It was adopted by Thailand (371,390 MT), Pakistan (156,121 MT) and Myanmar (66,910 MT).
Final 12 months, inbound shipments of rice totaled 3.6 million MT, down 5.9% from the record-high 3.82 million MT in 2022. The DA initiatives rice imports for this 12 months won’t exceed final 12 months’s quantity.
