USDA keeps PH rice import forecast

By Janine Alexis Miguel

Dec 28, 2023 12:25 am

THE United States Department of Agriculture (USDA) said that Philippine rice imports are likely to remain low due to the shortened deadline for imports, which discourages traders from shipping the commodity into the country.

The agency maintained its forecast of lower rice imports, projecting it to hit 3.5 million metric tons (MT) from July 2023 to June 2024, lower than the previous estimate of 3.8 million MT.

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