PH to import additional 200,000 MT rice this year

Manila will import an additional 200,000 metric tons of rice from Vietnam this year to address the rise in grains prices and boost government buffer stocks during the lean months, the Presidential Adviser on Food Security and Agricultural Modernization said.

In a text message, Secretary Francis Pangilinan said the NFA decided to import the additional volume following a meeting with President Benigno Aquino 3rd over the rising prices of agricultural commodities in recent weeks.