The Philippines has imported 2.3 million metric tons of rice in the first five months of the year, according to US Department of Agriculture (USDA) estimates.
The USDA in July reported that Vietnam accounted for 1.8 million MT of rice exported to the Philippines during the month.
“Due to rising global prices and tighter exportable supplies in Vietnam, the Philippines has shifted some purchases to other suppliers. Imports have exceeded 430,000 tons collectively from Thailand, Myanmar and Pakistan so far in 2024,” the USDA said.
Domestic well-milled rice sells from between P48 to P55 per kilo while the regular milled variety sells from P45 to P50 per kilo.
Imported well-milled rice sells from P51 to P55 per kilo while imported regular milled rice sells from P46 to P51 per kilo.
Imported special variety rice sells from P55 to P65 per kilo and P52 to P60 per kilo for premium.
Domestic special variety rice sells from P57 to P65 per kilo and premium from P50 to P58 per kilo.
