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Phl to end 2024 with 95-day rice stock
The Philippine Star
|June 19, 2024
The country could end the year with a rice stock level that would last for over three months as the Department of Agriculture (DA) sticks with its palay production target of 20 million metric tons (MT).
The DA is projecting a total rice inventory at the end of the year of about 3.6 million MT, which is sufficient to last for 95 days, Agriculture Assistant Secretary U-Nichols Manalo said.
The foreseen year-end rice stocks would provide the country with a comfortable supply at the start of 2025 amid weather disturbances and global trade uncertainties such as the persisting export ban by India on its non-Basmati rice.
Earlier, the government encouraged private traders and importers to bring in more rice from abroad to ensure that the country has ample supply and to stabilize domestic prices of the staple.
Cette histoire est tirée de l'édition June 19, 2024 de The Philippine Star.
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