The Philippines’ rice import volume in the 2024/25 market year is expected to be 4 million tons

Published 2024년 4월 3일

Tridge summary

The USDA-FAS anticipates a slight reduction in the Philippines' rice imports for the 2024/25 marketing year, projecting a decrease from 4.1 million tons to 4 million tons. This forecast is based on the expected mitigation of the El Niño phenomenon, alongside the Philippine government's continued support through subsidies, and the increased adoption of fertilizers and hybrid seeds by farmers. Concurrently, the country is expected to see a rise in rice production to 12.125 million tons and an increase in total rice demand to 16.48 million tons, reflecting an overall positive outlook for the Philippines' rice sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Philippine Business World on March 25, the U.S. Department of Agriculture's Foreign Agricultural Service (USDA-FAS) said in its latest annual report on grains and feed that due to the expected weakening of the El Niño phenomenon in the Philippines in May, continued government subsidies, and increased use of fertilizers and hybrid seeds, the Philippines' rice imports in the 2024/25 marketing year (July 2024 to June 2025) are expected to drop from the previously predicted 4.1 million tons to ...
Source: Foodmate

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