Philippines' rice imports drop nearly 21% in five months
Despite this downturn, the United States Department of Agriculture (USDA) projects that the Philippines will remain the world's leading rice importer in 2025, with imports expected to rise to 5.4 million tonnes, and further increase to 5.5 million tonnes in 2026.
Stronger local harvest drives down Philippine rice imports by 21%. (Photo: businessmirror.com.ph)
Hanoi (VNA) - By the end of May 2025, the Philippines has obser🌠v♕ed a significant decrease in rice imports, totaling approximately 1.7 million tonnes, a 20.9% decline compared to the same period in 2024.
This reduction is attributed to a slight uptick in domestic rice production during the first quarter of the year, with output reaching 4.69 million tonnes, marginally higher than the 4.68 million tonnes recorded in the same quarter of the previous year.
Despite this downturn, the United States Department of Agriculture (USDA) projects that the Philippines will remain the world's leading rice importer in 2025, with imports expected to rise to 5.4 million tonnes, and further increase to 5.5 million tonnes in 2026.
This anticipated growth is driven by factors such as population increase, heightened tourism, and the staple nature of rice in the Filipino diet.
In response to these dynamics, the Philippine government has implemented measures to stabilise rice prices and ensure affordability. Under Executive Order No. 62, signed in June 2024, the tariff on imported rice was reduced to 15% and is set to remain at this level until 2028, subject to periodic reviews every four months.
Secretary of Agriculture Francisco Tiu Laurel Jr. has indicated that the Department of Agriculture may propose a gradual increase in import tariffs during the upcoming harvest season to support local farmers and manage the influx of imported rice.
These developments reflect the Philippines' ongoing efforts to balance domestic agricultural productivity with the necessity of rice imports to meet national consumption demands./.
The Philippines’ Department of Agriculture (DA) has declared a food security emergency for rice in response to a sharp increase in domestic rice prices.
Despite record production and ample stocks, the Philippines is expected to import a record volume of rice in the 2024-2025 crop year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
The Philippines is expected to import more rice in 2024 and the next year, remaining as the world’s top importer of this staple food as the El Nino, La Nina and recent typhoons have curbed domestic production.
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