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Philippine Rice Supply Is Enough Until The Next Harvest Season As Imports Arrive

In accordance with the agreement between Agriculture Secretary Francisco Tiu Laurel Jr. and holders of rice import permits, nearly half a million metric tons of rice imported by the private sector are scheduled to arrive between December and early February of next year, according to a statement from DA officer-in-charge for operations Undersecretary Roger Navarro.

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Philippine Rice Supply Is Enough Until The Next Harvest Season As Imports Arrive

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  1. Philippine Rice Supply Is Enough Until The Next Harvest Season As Imports Arrive The Philippines is seen to have a sufficient supply of rice to meet the needs of the population until the start of the next harvest season in March 2024, the Department of Agriculture (DA) said Wednesday. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commoditiy sales and procurement that connects bulk buyers and bulk sellers of commodities, primarily of branded food and agro-commodities and facilitates operations for them. Rice producers and rice sellers can easily get the best price on the platform if they sell rice in bulk while buyers can buy rice in bulk from vendors across the globe. There are no middlemen involved, and the company facilitates the entire process, which guarantees maximum profits in the shortest time-frame. Philippines Rice Imports In accordance with the agreement between Agriculture Secretary Francisco Tiu Laurel Jr. and holders of rice import permits, nearly half a million metric tons of rice imported by the private sector are scheduled to arrive between December and early February of next year, according to a statement from DA officer-in-charge for operations Undersecretary Roger Navarro.

  2. It has been reported to us that approximately 100,000 tons of imported rice have already reached the nation. Navarro stated, “This is a portion of the 495,000 metric tons that import permit holders have committed to Secretary Tiu Laurel.” The DA official stated that "the country will have sufficient supply of the national food staple until the next harvest which starts in March" in light of the recent local harvest. The national consumption of rice, he continued, is approximately 36,000 metric tons per day, or 1.08 million tons monthly. Furthermore, Navarro stated that the first batch of the 40,000 bags of rice donated by Taiwan consisted of 20,000 bags, or 1,000 metric tons, that were delivered prior to Christmas Day. According to Navarro, 75,000 metric tons of rice will arrive from India during the final week of December and early January. To stabilize domestic supply and prices, India, as you may remember, banned the export of non- basmati white rice last July. However, in October, India authorized the export of more than one million metric tons to seven nations, with more than 28% of the total amount going to the Philippines. “The upcoming 75,000 metric tons due are part of India's 295,000 metric tons of rice allocated to the Philippines,” Navarro explained. If you are a rice importer wishing to import rice in bulk or a rice exporter willing to export bulk rice, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-commodity sales and procurement across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities in bulk at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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