Proposal for businesses to buy rice reserves as Philippines halts imports for 60 days

Mr. Lê Bá Anh - Deputy Director of the Department of Quality, Processing, and Market Development - said this at the regular press conference of the Ministry of Agriculture and the Environment held on September 4. According to Presidential Decree No. 93 of the Philippines, which suspends rice imports for 60 days, the aim is to protect the Philippine harvest during this period. The Ministry of Industry and Trade has sent a dispatch to associations, provinces, and enterprises, suggesting that exporting enterprises purchase and stockpile rice to stabilize the price of export rice in the coming time. Regarding Presidential Decree 93 of the Philippines, although it suspends imports for 60 days, it requires the Philippine Ministry of Agriculture to reassess the situation 30 days later and possibly shorten the suspension order," Mr. Bá Anh added. According to the Ministry of Agriculture and the Environment, in August 2025, rice prices on the Asian market fell collectively. Indian rice ...