Rice output seen hitting 12 million MT

By Janine Alexis Miguel

Mar 25, 2024 12:36 am

THE Philippines is forecast to produce about 12.125 million metric tons (MT) of rice this year due to increased funding from the government, the United States Department of Agriculture (USDA) said.

The USDA's latest expected production for the marketing year is slightly higher than their previous forecast of 12 million MT, adding that El Niño is forecast to weaken in the April-May period.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

BSP sets 'quiet period' amid market volatility

Vietnam EV manufacturer to open six PH dealerships

May inflation could spike to 4.5% – BSP

Bank lending slightly higher but M3 growth slows in April

P1.1T in projects approved under Create – Finance dept

Additional budget sought to boost dairy production

EMPERADOR INC. GIVES NOTICE OF ANNUAL STOCKHOLDERS' MEETING