date:Aug 12, 2014
to sell more of the grain at a time when demand is strong.
Seeking to boost thin stockpiles currently estimated to be five days less than the minimum 30-day buffer required from the July to September lean months, the Philippines has authorised the NFA to buy an extra 1 million tonnes of rice in the second half of the year.
Total rice purchases this year by the Philippines could exceed 2 million tonnes, the biggest in four years, with two big deals totalling 1.3 million tonnes already won by V