The Department of Agriculture’s (DA) decision to stop the issuance of rice import permits this year is expected to affect not only the country’s import level this year but even Vietnam’s rice stocks and prices.
According to a report by the United States Department of Agriculture’s (USDA) Global Agricultural Information Network, Philippine rice imports this year were expected to decline by 200,000 metric tons (MT) to 2.3 million MT from its earlier projection of 2.5 million MT.
“Private sector imports in the Philippines have been stymied in recent months as the government stopped issuing new import permits with unrest in the farm sector,” it said.
Similarly, prices of rice from V…
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