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10 April 2016

Philippines Can Import More Rice From Thailand & Vietnam




New Delhi. The Philippines can import another 500,000 tonnes of rice to boost state reserve stocks, as the government sought to mitigate the impact of an El Nino-linked drought on food supply. Fresh demand from the Philippines, one of the world’s biggest rice buyers, could underpin export prices in neighboring Vietnam and Thailand, traditionally Manila’s main suppliers. Government has given the state grains procurement agency, National Food Authority (NFA), a “standby authority” to import up to half a million tonnes for this year’s requirements.

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