DA: PH has enough rice stocks amid Vietnam’s import halt

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The country’s agriculture chief has assured the consuming public of adequate rice supply following Vietnam’s decision to suspend its rice exports. | kocampoINQ

“With harvest already coming in, along with the steady arrival of imported rice, we expect no shortage of the staple during the duration of the enhanced community quarantine … prices are also stable,” Dar said.

Data from the Bureau of Plant Industry also showed that, as of March, there were about 492,000 MT of rice that arrived in the country, 409,000 MT of which came from Vietnam. The Philippines’ rice self-sufficiency rate was last pegged at 86.17 percent in 2018, down 7.27 percent from the 2017 level of 93.44 percent. As such, it needs to import rice to augment any shortfall.

 

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