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net/tag_1222.
html" class="zdbq" title="U.
S.
Department of Agriculture related food information" target="_blank">U.
S.
Department of Agriculture stated that due to the increase in local production, the Philippines will reduce imports of rice this year, and is expected to reduce it by 200,000 tons to 2 million tons.
Global rice production this month is expected to decline slightly, mainly because of Myanmar, Indonesia and foodmate.
net/tag_5027.
html" class="zdbq" title="China-related food information" target="_blank">China foodmate.
net/tag_2511.
html" class="zdbq" title="Taiwan related food information" target="_blank">Taiwan production decline.
The Philippines became the largest rice importing country in 2019 after enacting the rice liberalization bill.
The Ministry of Agriculture stated that this year's goal is to increase the production of local dehulled rice to 20.
4 million tons and increase the self-sufficiency rate of rice to 95%.
Earlier, the Ministry of Agriculture had submitted a petition to the Customs Commission requesting that the most-favored-nation tax rate for rice imports be reduced from the current 40% (within quota) and 50% (with extra) to 35%.
Currently, the Philippines is looking for South Asian countries as an alternative supplier for the main supply.
The export price of Indian rice is 30% cheaper than Vietnam and Thailand.
The Ministry of Agriculture stated that this year's goal is to increase the production of local dehulled rice to 20.
4 million tons and increase the self-sufficiency rate of rice to 95%.
Earlier, the Ministry of Agriculture had submitted a petition to the Customs Commission requesting that the most-favored-nation tax rate for rice imports be reduced from the current 40% (within quota) and 50% (with extra) to 35%.
Currently, the Philippines is looking for South Asian countries as an alternative supplier for the main supply.
The export price of Indian rice is 30% cheaper than Vietnam and Thailand.