NFA may delay 400K MT rice import
The Philippines, one of the world’s top rice importers, could delay its planned additional purchase of up to 400,000 tons of the staple food as local supply remains adequate, the National Food Authority (NFA) said yesterday.
The country’srice stocks stood at around 900,000 tons as of last week, enough to cover 29 days of local consumption, with an additional 500,000 tons of grain imports from Vietnam and Thailand expected to arrive within the first quarter, the National Food Authority said.
The NFA Council, a panel composed of government economic managers that approves rice importation, met on Tuesday to discuss the country’s rice purchases but did not finalize the volume and timing of the next deal.
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