GLOBAL rice imports are projected to increase following India's trade policy changes, the United States Department of Agriculture (USDA) said. As of end-September, rice deliveries to the Philippines totaled 3.28 million MT, up from 2.68 million MT a year earlier. AdvertisementIn 2023, 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. The USDA also expects global rice production to increase, driven by higher output from major rice-producing countries. Domestic milled rice production is expected to decrease to 12.3 million MT, lower than the earlier projection of 12.7 million MT.

Source: Manila Times October 14, 2024 04:12 UTC