Latest Stories

Global rice trade turns bleak as PH eases imports

DA stands by claim of attaining local food security by end-2013


The projected growth of the global rice trade for 2013 remains negative while that for 2014 is anemic, both partly due to the easing of Philippine importation.

Based on the latest Rice Outlook report of the United States Department of Agriculture’s Economic Research Service (ERS), global trade for this year was raised by 200,000 tons to 38.3 million—still 2 percent lower than the volume recorded in 2012.

The ERS report is updated every month, and the latest was issued last week.

This update was partially affected by a revision of the Philippines’ importation data, which was lowered by 500,000 tons to one million tons.

This revision is based on the recommendation “from the USDA Office in Manila, and a much slower than expected delivery pace so far this year,” the report said.

As for next year, the ERS said the global rice trade volume could be 350,000 tons higher than that contained in the forecast made last August.

This brings the expected volume for 2014 to 39 million tons—about 700,000 tons, or 1.8 percent, greater than the forecast volume for 2013.

According to the ERS, one of the factors that dampened next year’s data again is the downward revision of forecast for Philippine importation.

“The Philippines’ 2014 import forecast was lowered 100,000 tons to 1.1 million based on recommendation from the USDA Office in Manila and a weaker 2013 import forecast,” the agency said.

For this year and the next, the ERS is looking at strong demand from China, Iran, Iraq and West Africa. The ERS said the countries could be the main drivers of global rice trade.

Earlier, Agriculture Secretary Proceso J. Alcala expressed confidence that the Aquino administration can achieve its target of rice self-sufficiency by this year.

Alcala, however, said that this would not necessarily mean an end to importation, although inbound shipment volumes have dropped in the past three years.

Following a visit to Isabela province last week, the agriculture chief said farmers there expected a bumper harvest over the next few weeks despite the heavy rains last month.

Alcala said that in September alone, Isabela farms may harvest an initial 167,700 metric tons of palay, representing about three-fifths of the expected 264,700 metric tons of harvest in the Cagayan Valley for the third quarter.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Department of Agriculture , economy , Food Security , News , rice

  • joboni96

    mabuhay ang magsasakang pilipino

    now it’s time for them
    to earn from their labors

    smash the intsik switik rice cartels

    1. more nfa purchases at reasonable prices
    2. more farmer control of rice marketing
    3. more irrigation systems

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Man found dead in Quezon City, alleged victim of summary execution–report
  • Aquino to lead Air Force turnover rites
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • HK victims to get P115M; traders raised money
  • Marketplace