PH’s rice stocks surge by 43% in October 0 SHARES Share it! Share TweetBy Madelaine B. MiraflorThe Philippines’ rice inventory surged by 43 percent in October, with higher stocks at both households and commercial warehouses. Rice stocks in all sectors grew compared with their levels in the previous year, PSA said. Of this month’s rice stocks inventory, 46.2 percent were in the households, 36.5 percent were in commercial warehouses, and 17.3 percent in NFA depositories. In order to import rice, Rice Tariffication Act or RA 11203 only requires local traders to obtain an SPS-IC from the Department of Agriculture (DA).

Source: Manila Bulletin November 11, 2019 14:04 UTC