date:Jul 08, 2014
basket.
Asian policy makers are under increasing pressure to curb inflation amid rising food prices. The Philippines in June announced it will import an additional 200,000 metric tons of rice from Vietnam, while India last month pledged to offload 5 million tons of rice, about a quarter of its stockpiles, at subsidized rates and also crack down on hoarders.
Philippine domestic rice prices, which rose to a record in June, may ease by end of September as 600,000 metric tons of imports are expect