RICE imports have surpassed last year's level, data from the Department of Agriculture (DA) showed, reaching a new record high of 4.25 million metric tons (MT) just before the end of November.
RICE imports have surpassed last year's level, data from the Department of Agriculture showed, reaching a new record high of 4.25 million metric tons just before the end of November.The latest report from the DA's Bureau of Plant Industry said that rice shipments as of Nov. 28 had surpassed the 2023 total of 3.61 million MT and the previous peak of 3.83 million MT that was hit in 2022.From Nov. 1 to 28, rice shipments reached 378,725 MT, slowing from October's 572,073 MT.
Prices, however, remain high and Agriculture Secretary Francisco Tiu Laurel Jr. has warned that the government could be forced to act if retailers were found to be profiteering.The DA last week said that it would start selling lower-priced rice under the Kadiwa program in major public markets to give consumers a cheaper choice.
Imports Hit Record 4.25 Million Metric Tons
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