‘PHL may set new rice imports record in 2024’

Quick Summary:

The Philippines’s rice imports this year could surpass the record-high purchases it made in 2022 as El Niño and the storms that struck the country destroyed standing crops and reduced domestic output in recent months.

Data from the Bureau of Plant Industry (BPI) showed that rice import arrivals as of October 30 reached 3.79 MMT.

He said a minimum of 400,000 metric tons (MT) could enter the country in the last two months of 2024.“It could be more depending again on how our traders will also be reacting to the global market.BOC, DA seize P178.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: PhilippinesBangladeshIndiaIndonesiaUnited StatesVietnam

Topics: Agency Prices Country Rice Report Domestic International Philippines Usda Imports Vietnam

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 16:10:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23497589

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