Philippines beats China as world’s biggest rice importer



  • Source: Philippine Star - - Read: 0

    Summary:

     

    Philippines beats China as world’s biggest rice importer

    MANILA, Philippines — The Philippines has topped China in terms of buying rice in the global market, making it the world’s biggest rice importer for 2019.

    The Philippines is set to reach its record-high rice imports at three million metric tons (MT) this year, beating China’s requirements after Manila opened the floodgates to rice importation.

    This year, China is importing 2.5 million MT, lower from the earlier projection of 3.15 million MT amid abundant domestic supply.

    In the latest report of the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS), the Philippines has emerged as the top global importer of rice. Last month, the Philippines and China just nearly tied at 3.1 million MT.

    Rice impor ...

     

     

    Read Full News: https://www.philstar.com/headlines/2019/11/11/1967753/philippine-beats-china-worlds-biggest-rice-importer


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