The Philippines will continue to be the world's largest rice importer

The USDA report said the Philippines is forecast to increase rice purchases in 2024 with a record total import volume of 3.8 million tons. After the Philippines, countries with high demand for rice imports are China, Indonesia, Nigeria, Iraq... Rice imports are forecast to also increase in a series of countries such as the US, UK, Korea, Malaysia, Cuba, Iran, Nepal, Saudi Arabia… In September 2023, the Philippines surpassed China for the first time to become the world's largest rice importer with an approved import volume of 3.9 million tons. According to the Philippine Department of Agriculture, the total amount of rice imported by the Philippines in 2023 is 3.6 million tons, of which the majority of rice comes from Vietnam, Thailand and Pakistan. The Philippine Department of Agriculture said it is expected that 500,000 tons of rice will be imported to the Philippines in February this year. In the context of the El Nino phenomenon causing drought, threatening the country's food ...