cdn mobile

PH still the world’s top rice importer

By: Jordeene B. Lagare - | May 13,2024 - 12:30 PM

Imported rice from Vietnam being unloaded in Surigao City port

Imported rice from Vietnam being unloaded in Surigao City port. —FILE PHOTO

The Philippines is likely to remain the world’s top rice importer, according to the US Department of Agriculture (USDA). This year, rice imports are projected to rise to 4.1 million metric tons, a 5.1 percent increase from last year’s 3.9 million metric tons.

The USDA’s Foreign Agricultural Service explained in a report that this record-high import volume is due to expected population growth and increased tourism. Most of the imports are expected to come from Vietnam.

On the other hand, India is projected to remain the world’s leading rice exporter despite trade restrictions, with exports pegged to hit 18 million MT, equivalent to about a third of the total global export volume.

“Exports are expected to increase, driven by a larger crop and ample stocks. Despite trade-restrictive measures for a portion of rice exports, volumes are set to remain robust,” the USDA said. Rebounding exports from India will partially offset declines from other major exporters Vietnam, Thailand, Pakistan and Myanmar. INQ

READ: PH replaces China as world’s top rice importer

PH seen importing more rice in 2024 

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Read Next

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of Cebudailynews. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

TAGS: agriculture, NFA rice, rice importer

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.