Policy shifts to boost PH rice imports, says USDA

by The Manila Times

Jul 15, 2024 12:20 am

The United States Department of Agriculture (USDA) forecasts higher rice imports for the Philippines due to domestic policy changes and market challenges arising from global factors.

The country's rice imports are forecast to reach 4.7 million metric tons (MT) this year, up from the 4.6 million MT previously projected by the agency. This is a 20-percent increase from the 3.9 million MT imported in 2023, making the Philippines potentially the top rice importer in the world.

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