THE Philippines' rice imports reached nearly 2.0 million metric tons in the first five months of the year, higher compared to last year's level, data from the Bureau of Plant Industry showed.The latest report from the BPI showed that the country's rice imports from January 1 to May 23 went up by 20.3 percent to 1.97 million MT, higher compared to last year's 1.64 million MT. The BPI is an agency under the Department of Agriculture .
The remaining volume, meanwhile, came from India, China, Japan, Cambodia, Italy and Spain.Last year, inbound shipments of the staple totaled 3.6 million MT, down 5.9 percent from the record high of 3.82 million MT logged in 2022. For this year, the DA projects rice imports not exceeding last year's import volume.However, the United States Department of Agriculture said that 'the Philippines is expected to again be the largest global rice importer.
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