Thai PBS Thai PBS
Philippines seeks rice supply boost, may look to India

Philippines seeks rice supply boost, may look to India

13 Sept 12:59 Key points summarised by AI
  • Philippine President Ferdinand Marcos Jr. seeks to bolster national rice stocks, citing concerns over potential El Nino impacts on local harvests and global supply shortages.
  • Marcos Jr. is exploring a direct supply deal with India, anticipating limited availability from traditional supplier Vietnam due to increased global demand.
  • India recently banned non-basmati white rice exports, but indicated willingness to consider government-to-government agreements to meet the needs of other countries.
  • The Indian export ban has significantly disrupted global rice markets, causing prices from major exporters like Vietnam and Thailand to surge to over decade-highs.
Read full article
Asean 1/1
Skip > Skip >