USDA lowers rice import forecast as purchases slow

By Janine Alexis Miguel

Aug 14, 2024 12:30 am

THE Philippines could import less rice this year as its purchases of the commodity have slowed, the United States Department of Agriculture (USDA) said.

In a monthly report, the USDA's Foreign Agricultural Service projected the Philippines' rice import volume to reach 4.6 million metric tons (MT) in 2024, down from the previous forecast of 4.7 million MT, due to 'slowing purchases of Vietnam rice.'

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