PH seen to reduce rice imports

PHILIPPINE rice imports is expected to fall by 3.5 percent or 100,000 metric tons (MT) for marketing year (MY) 2019/2020 due to ample stocks and larger forecast production, the United States Department of Agriculture (USDA) said.

In its latest ‘Grain: World Markets and Trade’ report, the USDA said that despite the projected lower rice imports, the country is seen to be the second largest rice-importing country, following China which is expected to import 4 million MT.