The USDA projects Philippine rice imports to reach 3.8 million metric tons for marketing year 2023-2024
MANILA, Philippines – The Philippines has overtaken China as the world’s top importer of rice, according to aIn its report “Grain: World Markets and Trade” released on Tuesday, September 12, USDA projected that the Philippines will hit 3.8 million metric tons of rice imports for marketing year 2023-2024, as opposed to China’s decreased projection of 3.5 million MT. The USA also projected a lower global rice production until 2024.
Global rice prices increased due to stronger demand and lower production, the report said, even before India announced its export ban in July. India accounts for around 40% of the world trade, sending shockwaves across the globe when it imposed the ban. The Philippines was primarily affected and is now seeking to augment supplies through Vietnam. Both governments are set to sign a
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Combating cyber fraud in the Philippines: New initiatives unveiled at Cybersphere Philippines Forum 2023The pandemic has fast-tracked the digital transformation of the Philippines. In 2022, around 85 million Filipinos are active internet users, spending an average of 11 hours a day online. Online purchasing and e-wallet usage have surged, making the Philippines a burgeoning digital economy valued at 2.08 trillion pesos, or 9.4% of its GDP.
Read more »
FACT CHECK: No Japan-China firing incident in South China SeaThe video cites a non-existent Daily Mail article on the supposed incident involving a Chinese vessel firing at Japanese warships
Read more »
Crafting inspiring stories across the PhilippinesLenovo Philippines partners with James Beard Foundation Awardee, Content Creator and Creative Director, Erwan Heussaff, and travel video channel FEATR to showcase inspiring stories from around the country using the latest Lenovo Yoga and Legion devices. Known as the 'Let's Get Into It' series, this collaborative effort offers a captivating glimpse into the food, traditions and stories of local communities. The series begins in the lush forests of Palawan.
Read more »
Brawner: Philippines lagging behind other claimant countries in SpratlysA maritime domain patrol conducted by the Armed Forces of the Philippines Western Command showed areas occupied by other claimant countries in the Spratlys as having far more modern facilities than the Philippines.
Read more »
International organization sees Philippines growing 5.9% in 2023The Philippine economy will likely post a slower growth of 5.9 percent in 2023, compared to the 46-year high of
Read more »
SEVENTEEN is returning to Philippines in January 2024Korean boy group SEVENTEEN is coming back to the Philippines in 2024 to meet the Filipino Carats. Less than a
Read more »