From January to September, a total of 137 qualified rice importers were from different countries.
Government data showed that the Philippines’s rice imports as of September 8 breached the 2.8-million metric ton (MMT) mark and surpassed last year’s volume of 2.771 MMT.
Data from the Bureau of Plant Industry (BPI) showed that the country's total rice imports from January 1 to September 8 were 2.806 MMT, 1.26 percent more than the 2.771 MMT of rice it imported in 2021, the Business Mirror reported.
Based on the BPI data, 2.306 MMT, or 82.18 percent, of the total volume of rice imported came from Vietnam, followed by Myanmar with 202,319.280 metric tons (MT) and Thailand with 140,171.375 MT.
From January 1 to September 8, a total of 137 qualified rice importers imported rice from Cambodia, China, India, Japan, Myanmar, Pakistan, Singapore, Spain, Taiwan, Thailand, and Vietnam. Data showed from BPI that the importers utilized a total of 3,155 sanitary and phytosanitary import approvals (SPS-IC).
BPI data showed that NAN Stu Agri Traders led all rice importers with a total import volume of 141,620 MT followed by Manus Dei Resources Ent. Inc. with 136,881 MT, and Lucky Buy and Sell with 127,483 MT.
Danilo V. Fausto the President of Philippine Chamber of Agriculture and Food Inc. said the increase in rice imports may dampen local unmilled rice prices as the market is “overflowing with supply.”
“Palay prices being harvested today and next month would be affected. Farm-gate prices will not go up,” Fausto said.
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