The Philippines has imported almost three million metric tons of rice as of September, based on knowledge from the Bureau of Plant Business, 7.6 p.c greater than the two.8 million MT introduced in for the entire of 2021.
Vietnam was the primary supply, accounting for 82.5 p.c of the entire at 2.5 million MT, breaching final 12 months’s full-year import quantity of two.4 million MT.
Myanmar got here second with 203,879.280 MT, additionally larger than the 196,718.900 MT recorded final 12 months.
Thailand adopted with 150,416.375 MT, additionally a rise from the 2021 quantity of 131,256.500 MT.
At current, imported rice is topic to essentially the most favored nation (MFN) tariff fee of 35 p.c each for in-quota and …
Carry on studying: Rice imports as of Sept rose 7.6% to 3M MT