date:Aug 05, 2014
es of the grain, the government decided to import more rice with purchases in the second half of the year, possibly reaching as much as 1 million tonnes.
Total rice purchases this year by the Philippines could exceed 2 million tonnes, its biggest in four years. President Benigno Aquino announced on July 28 that the NFA has been authorized to import an additional 500,000 tonnes for emergency needs later this year.
With the buying spree, the Philippines is on track to become the world's third bi