outbrain
Close  

PH to import 300,000 MT of rice

By: - Reporter / @kocampoINQ
/ 04:52 AM May 12, 2020

MANILA, Philippines — The Philippine government will now push through with its plan to import 300,000 metric tons (MT) of rice from Vietnam after the Vietnamese government decided to finally resume exporting rice to Asean countries to maintain adequate food supply in the region amid the new coronavirus pandemic.

The volume is on top of the 2.7 million MT of rice approved by the Bureau of Plant Industry this year, bringing the expected volume of rice imports to 3 million MT.

ADVERTISEMENT

The Department of Agriculture’s (DA) pronouncement came just after weeks of assuring consumers that the country had enough rice supply. The DA projected last month a 94-day buffer stock by yearend.

Since the National Food Authority can no longer import rice under the rice tariffication law, Agriculture Secretary William Dar said the government-to-government importation would be undertaken by the Philippine International Trading Corp. under the Department of Trade and Industry.

FEATURED STORIES

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Department of Agriculture, rice imports from Vietnam, Rice Supply
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.