Denemek ALTIN - Özgür
DA to open Jan. rice import window
Business World Philippines
|October 07, 2025
THE PHILIPPINES will implement a one-month rice import window in January and reimpose a ban on imports from February to April, as the government seeks to support the prices of rough rice in the 2026 harvest season.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. said the department is looking to allow about 300,000 metric tons (MT) of rice imports in January 2026, a plan “more or less” approved by President Ferdinand R. Marcos, Jr. following the extension of the rice import ban through end-2025.
“We have to import by January just to be sure,” Mr. Tiu Laurel told lawmakers in Filipino at a House of Representatives hearing, “Our imported stocks, which we stopped in September, are estimated to run out by the end of November and we'll be running on local stocks in December.”
“That kind of situation is quite risky,” he added.
Mr. Marcos had earlier ordered a 60-day suspension of rice imports starting Sept. 1 to support Filipino farmers during harvest season and to stabilize rice prices. The suspension was originally supposed to end on Nov. 2 and applies only to regular milled and well-milled rice.
“We will extend the rice import stoppage until the end of 2025,” Mr. Tiu Laurel said.
He said the Philippines, the world’s top rice buyer, had imported around 3.5 million MT of rice as of end-September, overshooting this year’s rice import target limit by 800,000 tons.
“We should be at the 2.7 [million MT levels] in imported rice. So, we are... in excess,” he said. “The monthly import volume should only be around 300,000 tons or 3.6 million MT a year.”
Monthly rice imports ranged from 305,000 MT to 517,800 MT in the first eight months of the year, Agriculture Undersecretary Christopher V. Morales said at the same congressional hearing.
The Philippines last year imported about 4.7 million MT of rice, and the US Department of Agriculture in August projected the Southeast Asian nation to bring in about 4.9 million MT of rice for the whole year.
Bu hikaye Business World Philippines dergisinin October 07, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Business World Philippines'den DAHA FAZLA HİKAYE
Business World Philippines
Clark airport traffic seen up 15% as NAIA flight transfers, new routes drive growth
CLARK INTERNATIONAL AIRPORT expects passenger traffic to grow by 15% this year, driven by the transfer of some flight operations from the Ninoy Aquino International Airport (NAIA) and the expansion of international and domestic routes, its operator said.
1 mins
January 29, 2026
Business World Philippines
From pause to progress: Refined audit approach
Responding to widespread taxpayer concerns regarding audit procedures, the Bureau of Internal Revenue (BIR) took a decisive step by suspending tax audits in November. This strategic pause allowed the BIR to reevaluate and refine its audit approach to address the concerns effectively and redefine the landscape of tax audits.
4 mins
January 29, 2026
Business World Philippines
Kollab backs PayRex with $2-M Series A investment
PayRex is now geared to scale its end-to-end payment solutions in the Philippines
2 mins
January 29, 2026
Business World Philippines
Farm output jumps 2.6% in 2025
THE PHILIPPINES' agricultural production grew by 2.6% in 2025, the fastest pace in eight years, as gains in crop output and strong poultry performance offset the decline in livestock and fisheries, the Philippine Statistics Authority (PSA) said.
6 mins
January 29, 2026
Business World Philippines
IBPAP cautiously optimistic for IT-BPM sector in 2026
THE IT & Business Process Association of the Philippines (IBPAP) is cautiously optimistic that the industry will achieve revenue and headcount growth this year despite continued uncertainty.
3 mins
January 29, 2026
Business World Philippines
Philippine GDP growth print lowered to 3.9% in 3rd quarter
THE PHILIPPINE Statistics Authority (PSA) on Wednesday said it downwardly revised the third-quarter gross domestic product (GDP) growth to 3.9% from the 4% initially reported.
1 min
January 29, 2026
Business World Philippines
A year into Trump presidency, 'pivot to China' gathers pace
BEIJING/HONG KONG - When US President Donald J. Trump took office a year ago with an \"America First\" agenda, many saw trouble for China's sluggish economy, but Beijing has thawed frosty relationships with other trade partners to post a record trade surplus.
3 mins
January 29, 2026
Business World Philippines
South Korea court sentences ex-First Lady Kim to jail term for bribery
SEOUL A South Korean court on Wednesday sentenced former First Lady Kim Keon Hee to one year and eight months in jail after finding her guilty of accepting bribes from Unification Church officials in return for political favors.
1 mins
January 29, 2026
Business World Philippines
PEZA confident of hitting 2026 target even as approvals fall 57% in Jan.
THE PHILIPPINE Economic Zone Authority (PEZA) said that it is confident in achieving its target this year, despite seeing a 57.4% decline in investment approvals in January.
2 mins
January 29, 2026
Business World Philippines
Synthetic identity fraud risks on the rise in PHL as digitalization continues
PHILIPPINE organizations must strengthen their identity verification processes as the proliferation of synthetic accounts could increase cases of digital fraud, according to iProov.
1 mins
January 29, 2026
Listen
Translate
Change font size

