Friday, October 05, 2018

5th October,2018 daily global regional local rice e-newsletter

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APR 2018

Global Rice Market - Segmented by Geography - Growth, Trends, and Forecast (2018 - 2023)

Rice Market

Rice is the staple food of more than half of the world population, with more than 700 million metric ton produced annually at a global level. Most of the rice is grown and consumed in the Asian region, from Pakistan in the west to Japan in the east.
Rice is the second most important cereal crop after maize in the world. It is a crop that ensures food security in many of the developing countries of the East Asia and the South-East Asia regions. Some of the significant global exporting countries of rice include India, Thailand, Vietnam, Pakistan, and Brazil. Unlike exports, the import scenario of rice is quite fragmented, with the top five importers accounting for only 30% of the global imports. The global rice consumption is dominated by countries in the Asia-Pacific region, like China, India, Indonesia, Bangladesh, and Vietnam.

China is the largest Importer of Rice 

China is the largest importer of rice, importing 3.5 million metric ton in the year 2016. Vietnam, Thailand, and Pakistan are the major exporters to China with 45.8%, 26.3%, and 19.9% shares out of the total rice imports in the country. Although China is the second largest rice producing country in the world, it still has to import rice due to high consumption of rice in the nation.

India the Largest Exporter of Rice

India is the largest exporter of rice in the world. It exported 9.9 million metric ton of rice in 2016, which accounted for almost 24% of the total global rice exports. India is also the leading exporter of the basmati rice in the global market. During 2015 – 2016, India exported over 3.0 million metric ton of basmati rice and 6.3 million metric ton of non-basmati to the global market. The major countries importing rice from India are Saudi Arabia, UAE, and Iraq with 9.3%, 9.2% and 7% of the total rice export shares from India, respectively.
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  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.Emphasis on agriculture is survival call
    BIZLINKS - Rey Gamboa (The Philippine Star) - October 4, 2018 - 12:00am
    When putting emphasis on the role of agriculture in the survival of the Philippines in the coming years, this often comes across as a challenge against the principles of free trade, or the free flow of food products among countries.
    Proponents of free trade like to think that allowing the entry of cheaper food items is helping Filipinos because it allows households to lower their spending for food and, therefore, leaves more money for other expenses that can uplift their standard of living.
    The other side of the coin, mainly of those affected by free trade, are farmers, fisher folks, livestock raisers, and even local food manufacturers. They argue that free trade will ultimately kill them even if tariff barriers, mainly taxes on imports, are erected.
    But future-proofing the Philippines through agriculture need not mean a blanket vote against free trade. Our objective is always to have adequate and affordable food for this generation and those who will be born in the future, more so in more challenging times, climate-wise.
    The present reality is that we have to feed an over-100-million-population today, and more people in the future. Local production is sometimes not enough, and may even be more expensive than imports. On the other hand, there are also supply security issues from relying mainly on food imports.
    It may seem a simplistic approach, but the context of national need and food security pushes us to adopt a more opportunistic view of free trade, i.e., using its advantages to bolster our ability to be self-reliant in food production.

    Learning from past mistakes

    The issue of rice is a less complicated way of illustrating this. We all know that a vast majority of Filipinos cannot survive without rice, and that the so-called comforts of modern living are useless if there will be no rice during mealtime.
    Being discussed in Congress now is the proposed tariffication on rice, a move that basically means we will allow the free importation of rice as long as the right duties are paid by importers. The tariff collected on imported rice, on the other hand, will go to modernizing our rice farming.
    We’ve heard this line of reasoning before when our lawmakers decided to set up tariffs on all agricultural imports except rice and sugar in 1995, thus setting up of a mechanism from collected tariffs called the Agricultural Competitiveness Enhancement Fund (ACEF).
    Unfortunately, the next two decades would see a decline in agricultural productivity despite the billions of pesos collected under ACEF and the Agriculture and Food Modernization Act (AFMA) that created it.
    There was good intention with the law, but somehow, things did not work out as intended. We should learn from this, and make sure that the same sad story will not happen, if the proposed law to impose tariffs on rice and set up a rice fund is passed.

    Revolutionizing food self-sufficiency

    We have to be clear that the tariffication on rice, in the same way that tariffs on other agricultural produce were intended, will ensure funds that will be channeled to promoting food self-sufficiency, and making the cost of food production from our farms at equal or even lower prices than other countries.
    The risks of food insecurity, especially of rice in a world where total production against demand does not insure sufficient buffer stocks in the global market, is too great, even more so considering the rising risks posed by devastating natural calamities on land.
    That said, future-proofing our agriculture does not only involve this long to-do list that will revolutionize rice farming in the Philippines, including increasing rice acreage to lower the cost of harvested palay, and also preparing against super typhoons, tsunamis, and earthquakes.
    This also means a firm government resolution to set aside an even larger share of investments in agriculture to ensure the continued stability of future food supplies come hell or high water, and this means even in the very literal sense.

    Tweaking BBB

    The current list of priority projects under the current government’s Build Build Build infrastructure push may need to be tweaked to provide more agricultural support to farm-to-market roads, bridges, and ports that will ease the flow of agricultural products across the archipelago — at least within the next few years.
    Irrigation for fields need to be secured and upgraded, just as water sources have to be protected through new and better-fortified dams. Water supply is integral to a healthy agricultural sector, and putting tax money on this should ultimately find its way to lowering food prices.
    Just as farm productivity is important after lowering the cost of agricultural implements, so is the food chain infrastructure integral to further bringing down the cost of produce when it reaches the market.
    Ice plants, granaries, mills, slaughter houses, cold storages, and an efficient land and sea transportation system for agricultural produce will all play an important role in ensuring that there will be sufficient food at lower prices for Filipinos.

    All-important first step

    Putting emphasis on agriculture is not a backward step that conjures a regression away from manufacturing or other export-generated activities. Rather, it should be seen as a survival call that many other countries — from economic powers like the United States and China, to developing economies like Thailand and India — have adopted, and even continue to support.
    Food security and sovereignty is an all-important first step that we need to accept and work on before we can think of doing anything else.

    Facebook and Twitter

    We are actively using two social networking websites to reach out more often and even interact with and engage our readers, friends and colleagues in the various areas of interest that I tackle in my column. Please like us at and follow us at
    Should you wish to share any insights, write me at Link Edge, 25th Floor, 139 Corporate Center, Valero Street, Salcedo Village, 1227 Makati City. Or e-mail me at For a compilation of previous articles, visit

    Government to ban fancy rice imports

    By Triciah Terada, CNN Philippines
    Updated 08:30 AM PHT Thu, October 4, 2018
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    The Agriculture Department believes there may be too much fancy rice in the market that's driving up prices of the staple and it plans to do something about it.

    U.S. could ship more rice in 2018-19 — if prices decline

    Prices of all classes of U.S. rice are expected to decline in 2018-19.
    U.S. exporters are expected to ship more milled and rough rice in 2018-19, according to analysts with USDA’s Economic Research Service. Exports of long-grain and medium- and short-grain rice are both forecast to rise about 13 percent.
    That’s the good news. The not-so-good news is that despite the higher sales, all-rice ending stocks are expected to be up 53 percent and long-grain ending stocks 54 percent. Prices of all classes of U.S. rice are expected to decline.
    “None of these numbers are anywhere near a record,” says Dr. Nathan Childs, senior agricultural rice economist with the USDA Economic Research Service, referring to the latest USDA rice supply and demand projections. “And even to achieve these growth rates, the U.S. has to be more competitive.”
    Childs was the speaker for a University of Arkansas System Division of Agriculture Food and Agribusiness webinar ( The series is moderated by Dr. Bobby Coats, professor in the Department of Agricultural Economics and Agribusiness at the university.
    It was the second Food and Agribusiness Webinar presentation by Childs in about a month. The earlier event came just before USDA’s World Agricultural Supply and Demand Estimates Board gave its September forecast.
    “I believe I was here about 30 days ago,” he said. “We’ve had a new lockup, a new WASDE report and we’re going to spend the next 45 minutes talking about these changes and their implications.”
    U.S. producers account for a very small portion — 1 to 1.5 percent — of the world’s rice production, Child’s noted. Nevertheless, U.S. exporters typically are responsible for 6 to 7 percent of the world’s rice trade.

    Global market important

    “The global market is very important for the U.S., and changes in world production resonate with U.S. producers,” he said. “World rice production for 2018-19 is projected at 487.2 million metric tons or almost 4.5 million below the 2017-18 record. But global rice supplies are projected to be record high.”
    In part, that’s because China and India — the world’s largest rice producers — each had record crops in 2017-18. Both will be down somewhat in 2018-19, but a number of other countries, including the United States, are expected to harvest larger crops in the current marketing year.
    India, which has continued to emphasize becoming more self-sufficient in all crops, produced 113 million metrics tons in 2017-18, while China’s farmers harvested almost 146 million metric tons. Both are expected to be down in 2018-19 due to decreases in planted area.
    Normally that would be positive for world rice prices, but larger crops are forecast for at least 15 countries, some of which have not traditionally been players in the world rice markets. Besides the United States, all are in Asia or Africa.
    “Production is expected to be larger for Bangladesh, Burma, Cambodia, Côte d’Ivoire, Ghana, Guyana, Indonesia, Laos, Madagascar, the Philippines, Sri Lanka, Tanzania, Thailand, the United States and a slight increase in Vietnam,” he said.
    USDA made major revisions in its September World Agricultural Supply and Demand Estimates, according to Childs. The September report provides the year-end estimates for the rice marketing year, which runs from August to July for U.S. growers.

    Imports lowered

    All rice and long-grain imports were lowered fractionally based on year-end census trade data, he said. Medium-grain and short-grain supplies were increased slightly.
    “Those numbers had little impact on overall supply,” Childs noted. “But ending stocks were not a small adjustment — this was large. Ending stocks of all rice were lowered by 5.4 million hundredweight to 29.4 million, based on the August NASS Rice Stocks report. Long-grain was lowered 3 million hundredweight; medium-grain, under 200,000; and brokens, 2.1 million.
    “Total exports for 2017-18 were increased 500,000 hundredweight to 87 million after the census data came in a little higher. Long-grain increased 300,000 hundredweight; medium-grain, 100,000 hundredweight. But that wasn’t much.”
    Domestic and residual use of all rice was increased 4.8 million hundredweight with long-grain raised 2.6 million hundredweight and medium-grain and short-grain rice 2.2 million hundredweight.
    USDA is forecasting the 2018-19 U.S. rice crop will be 4 percent bigger at 219.5 million hundredweight “due to a larger area estimate reported by the USDA National Agricultural Statistics Service that incorporated Farm Service Agency sign-up data.”
    The department reduced carry-in stocks by 5.4 million hundredweight based on NASS stocks data, he noted. Domestic and residual use of all rice was increased 2 million hundredweight to 133 million hundredweight. Ending stocks of all rice were increased 3 percent to 44.9 million hundredweight, which would be up 53 percent from 2017-18.
    “That (219 million hundredweight) is a big crop,” he said. “The national average prices were lowered due to the larger supplies. There’s plenty of rice out there, a lot of rice in the global market.”

    Questions remain

    Questions remain about where the U.S. can increase its export shipments. “South American exporters continue to gain market share in Mexico,” he said. “The U.S. now accounts for really less than 70 percent of Mexico’s rice imports. Ten years ago, it was close to 99 percent.
    “Export opportunities and concerns, lower and more competitive prices, which I showed earlier, will allow the U.S. to regain some lost market share in Mexico, Central America, and Venezuela,” he said.
    Other questions include whether Asian exporters will ship milled rice into South America, Central America, and Mexico? And whether the U.S. can increase its sales from the current 30,000 tons to Iraq, compared to 94,000 tons in 2017-18?
    Analysts are also asking if the U.S. can make sales of medium-grain rice to North Africa, one of the fastest-growing rice markets in the world, and the Middle East? “Will the U.S. pick up some of Egypt’s former market or could it sell rice to Egypt?” he said. “If it did, what type of class?”

    NFA Council awaits DTI plan on rice importation


    Description: April 12, 2017 file photo shows different varieties of rice being sold at a local market in Manila.
    THE National Food Authority Council (NFAC) is awaiting the formal proposal of the Department of Trade Industry (DTI) to allow the private sector to import rice that will be sold in government-owned stores at a fixed affordable price.
    Agriculture Secretary Emmanuel F. Piñol, who is also the NFAC chairman, said the interagency body has not received the DTI’s written proposal to allow supermarkets to import 350,000 metric tons (MT) of rice.
    “Not yet. We have yet to receive their proposal,” Piñol said in an interview with reporters recently when asked if the DTI has submitted to NFAC its import proposal.
    “My suggestion to Secretary [Ramon M.] Lopez is that they should partner with a private trader or importer who will pledge to them that the rice that will be imported will be used to supply the suki stores,” he added.
    Piñol said he suggested to Lopez that the rice to be imported should be sold at P36 per kilogram to ensure that it would have an impact on the market. Furthermore, he added that the rice to be sold must be packaged already in 5-kilogram and 10-kilogram packs with a label of “DTI Suki Store.”
    “Secretary  Lopez liked my idea. So, I told him to find a partner,” Piñol said. “We are still waiting for their proposal. I hope they can submit it on Monday,” Piñol added.
    The agriculture chief has called for an NFAC meeting on Monday to assess and address the country’s current rice situation.  “Once we receive their proposal, we will discuss it right away on Monday,” Piñol said.
    Earlier this week, Lopez disclosed that the government is considering allowing major retailers, as well as traders, to import rice at a fixed price.
    “This way, we don’t need to worry about layers of traders who will just make margins in the process. With this scheme, we allow retailers who will undertake to sell all their imported stock at the set price,” Lopez said in a statement.
    Lopez explained that the sales of the sellers will be audited to verify if the import stocks are really sold at the committed prices. Lopez said he would request the interested parties to write an undertaking to sell rice at P38 per kilogram.


    * Traders in Bangladesh refrain from new import deals due to tax
    * Rates for Vietnamese unchanged, Chinese holiday weighs
    By Eileen Soreng
    BENGALURU, Oct 4 (Reuters) - Rice export prices in India fell for a second week on sluggish demand, while rates in Thailand were propped up by lower supply and expectations of new orders from Philippines, Indonesia and Japan.
    Top exporter India's 5 percent broken parboiled variety <RI-INBKN5-P1> was quoted around $367-$373 per tonne this week, down from $370-$374 last week.
    "Some demand is there, but not much ... Millers are now waiting for new crop arrivals to offer," said Nitin Gupta, business head of rice at Olam India. Supplies from summer-sown crop will become available for exports from next month, dealers said.
    Indian production of summer-sown rice is estimated to grow 1.8 percent to 99.24 million tonnes.
    "The falling rupee is (however) making Indian exports more competitive than Thailand and Vietnam," said M. Adishankar, executive director at Sri Lalitha, a leading rice exporter in the southern state of Andhra Pradesh.
    The rupee plumbed record lows on Thursday, having shed more than 13 percent this year, allowing exporters to lower their offers.
    In neighbouring Bangladesh, merchants are refraining from making any new import deal, a trader said.
    "Importing rice is not profitable anymore, given the huge tax."
    In June, Bangladesh, which had emerged as a major importer in 2017 after floods damaged crops, imposed a 28 percent tax on rice imports to support its farmers after local production revived.
    In Thailand, benchmark 5 percent broken rice <RI-THBKN5-P1> prices were quoted at $390–$403 per tonne, free on board (FOB) Bangkok, versus $395–$398 last week.
    The marginal change in prices, especially at the higher end, was driven by speculation about deals with countries including Philippines and disaster-hit Indonesia and Japan, traders said.
    Lower supplies, with new harvests expected only in November and December, are also propping up prices, another rice trader said.
    "There are talks of a major deal from the Philippines, so many exporters are buying and storing rice."
    In Vietnam, prices of the 5 percent broken rice <RI-VNBKN5-P1> were unchanged at $400-$405 a tonne, as weak demand due to a week-long Chinese holiday offset any impact from a fall in supply after the country's two major crops ended, traders said.
    Cheaper Thai rice also hurt commercial demand for the Vietnamese variety, traders said, but buying could pick up next week, especially due to deals with Philippines.
    The Philippines' state agency National Food Authority has issued a new international tender to purchase up to 250,000 tonnes of rice, European traders said last week.
    Vietnam is expected to undergo a mini harvest later this month and in November, but output is seen half of the major harvests earlier this year. (Reporting by Panu Wongcha-um in Bangkok, Mai Nguyen in Hanoi and Rajendra Jadhav in Mumbai and Ruma Paul in Dhaka; editing by David Evans)
    SMC to replace coal with rice husks as fuel for 2 coal plants
    posted October 03, 2018 at 07:45 pm by Alena Mae S. Flores
    Conglomerate San Miguel Corp. said Wednesday its energy unit will replace coal with rice husks as fuel for two new circulating fluidized bed power plants to help boost farmers’ income.
    SMC Global Power Holdings Inc. said it would convert existing power plants using CFB clean coal technology into biomass power facilities. SMC Global operates two new clean coal power facilities in Limay, Bataan (600 megawatts) and Malita, Davao (300 MW).
    “Instead of burning or dumping rice husks, we want to fully utilize this agricultural waste product both as energy source for our power plants and income source for our rice farmers,” SMC president and chief operating officer Ramon Ang said in a statement.
    “This way, we reduce our emission further, encourage more farmers to increase rice production, make their lives better and help address a perennial food security challenge,” Ang said.
    SMC’s new clean coal plants in Bataan and Davao utilize the circulating fluidized bed combustion technology. It is among the world’s most advanced pollution-mitigating technologies for power plants, yielding significantly lower emissions.
    SMC said while emissions of these power plants were way below the limits set by the Department of Environment and Natural Resources and even the standards set by the World Bank, “emissions from rice-husk based fuel are expected be even lower.
    “This way, we reduce our emission further, encourage more farmers to increase rice production, make their lives better and help address a perennial food security challenge,” Ang said.
    Ang said using rice husks as fuel could also boost rice farming in the country. 
    “If we encourage more farmers to plant rice by providing them additional sources of income, our rice sufficiency and food security improves. At the same time, we use palay husks to generate more environment-friendly energy,” he said.
    Ang said SMC was willing to invest and put up the necessary infrastructure and facilities needed to support rice farmers to collect husks that would be acquired from them.
    Ang earlier said SMC could go into rice importation to help address the current rice shortage if a proposed scheme that imposes tariffs on imports but lifts quantity limits was passed.
    SMC operates grains terminals and silos nationwide which could be used to stockpile rice to help ensure the country’s food supply and provide Filipinos with high-quality rice at low prices.
    SMC said the tariffs to be imposed on importing rice could be used to support local farmers and boost the agriculture sector.
    “Ultimately, what we want is for our farmers to get the support they need; for farming to be a viable option again for many Filipinos and, maybe someday, for our country to be able to produce what we need and more,” Ang said.
    Ang said he expected “fuel” supply for power facilities using rice husks would be steady with rice being a staple food of Filipinos.
    “This can even bring down electricity prices, as we will no longer be subject to price fluctuations and other cost and supply pressures associated with coal,” he said.

    Project leads countries to food security

    2018-10-04 08:45:50China DailyEditor : Liang MeichenECNS App Download
    Green Super Rice initiative bringing African, Asian nations high-yield crops
    Chinese agricultural researchers have helped plant more than 2 million hectares of superior rice species in more than a dozen Asian and African countries, yielding harvest increases of up to 30 percent per hectare in some, in an international cooperative project over the past 10 years.
    The Green Super Rice project, geared at alleviating poverty through cultivation and promotion of a drought and disease resistant rice species, covers 16 Asian and African countries where rice is a staple, said Li Zhikang, a professor and researcher of rice breeding at the Chinese Academy of Agricultural Sciences, and a leading member of the project.
    Working with authorities in the 16 countries, which include the Philippines, Vietnam, South Africa and Uganda, researchers have developed and introduced about 70 superior quality rice species, and dozens more are expected to be planted, he said.
    In both the Philippines and Vietnam, about 700,000 hectares of new rice species have been planted. The new species, compared with those originally cultivated, have increased yields by 20 to 30 percent in both countries, Li said.
    "Due to superior characteristics of the new species, such as being insect resistant, they require either no or less synthetic fertilizers, and that helps protect the environment," Li said. "With the planting of the new species, the concept of 'green rice' is also being promoted and gradually accepted."
    The project, launched in 2008 and sponsored by the Chinese government and the Bill and Melinda Gates Foundation, is led by the Chinese Academy of Agricultural Sciences. It is China's largest international agri-technology cooperative project in recent years, Li said.
    Chinese and international institutes — including the International Rice Research Institute in Manila, the Philippines; Africa Rice, in Abidjan, Cote d'Ivoire; and Huazhong Agricultural University in Wuhan, Hubei province — participated in the project, Li said.
    "Many of the countries involved rely on imports because of insufficient agricultural production," Li said. "For example, the Philippines imports about 1 million metric tons of rice every year. By increasing harvest yields, the project can improve food security in these countries."
    Li said the project is also beneficial to China, the world's biggest importer of grains, including rice. Last year, China imported 4 million metric tons and exported 1.2 metric tons of rice, according to the General Administration of Customs.
    "Increased rice production in these countries can leave them with surpluses for export, which help to diversify China's rice imports and improves food security in China," he said.
    Li said the project, which is due to end in March 2019, may be extended to cover more countries.
    "Some other countries, like India, Bangladesh and Indonesia, have contacted us about taking part in the project," Li said.
    "We hope for continued support for the project from the Chinese government in order to benefit more countries, including China," he said.

    NFA Council approves three rice importations at 2-week intervals
    October 3, 2018 | 10:12 pm
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    Description: NFA rice warehouseThe NFA rice stored at a warehouse in Quezon City. -- PHILIPPINE STAR/MICHAEL VARCAS
    THE National Food Authority (NFA) Council has decided to authorize private-sector imports of 750,000 metric tons (MT) of rice in three batches of 250,000 MT each, arriving every two weeks starting Nov. 30.
    “Based on the instruction of the NFA Council instead of G2G (government-to-government deals), we will divide the 750,000 metric tons into three. An initial importation of 250,000 MT will be followed two weeks after by another 250,000, then two weeks after another 250,000,” NFA Spokesperson Rex C. Estoperez told reporters in a chance interview at the PICC on Wednesday.
    According to Mr. Estoperez, bidding for the first shipment will be on Oct. 18, with subsequent auctions every two weeks after.
    He said the main issue is the ability to deliver the shipments, with the first of the deadlines on Nov. 30. This means the imports will “spill over until next year, but that can be part of our beginning inventory for 2019.”
    The target for NFA domestic procurement is 389,000 MT next year, he added.
    Agriculture Secretary Emmanuel F. Piñol has said that the NFA Council provided standby authority to import 1 million MT of rice for 2019.
    Former Agriculture Secretary William D. Dar said a 1 million MT import level is “normal” but the timing and ports of entry for the shipments need to be planned in detail.
    “The shipments need to be planned by month and by port. It should not be all in Metro Manila. Metro Manila is always a key area but there are deficit areas in other parts of the country,” Mr. Dar added. — Reicelene Joy N. Ignacio

    NFA to bid 750,000 MT rice import in November

    By Madelaine B. Miraflor
    The government will squeeze in three bidding process in the span of more than a month for the importation of additional 750,000 metric tons (MT) of rice, a move that should force the National Food Authority (NFA) to release billions worth of fund for the said overseas purchases amid its ballooning debt.

    Description: NFA logo (Photo courtesy of wikipedia)
    NFA logo (Photo courtesy of wikipedia)
    NFA Spokesman Rex Estoperez said the agency hopes to finish all the bidding process for the importation of 750,000 MT of rice by the first week of November so that supply could start coming in weeks before December.
    It was just more than a week since the NFA Council, the highest policy making body of NFA, has given the green light for the importation of additional 500,000 MT of rice, which will be on top of the recently approved importation of 250,000 MT of rice through an open tender scheme.
    These additional imports were supposed to help temper the non-stop increase in the price of local rice as well as replenish the stocks of NFA, which was recently forced to release a lot of NFA rice to the areas that were badly hit by Typhoon Ompong, the strongest typhoon to hit the country in years as far as the farm sector is concerned.
    “We will slice the 750,000 MT into three [bidding]. On October 18, we will bid out the first 250,000 MT. Then two weeks after that, we will bid out the next 250,000 MT. After that, we will bid out another 250,000 MT,” Estoperez said on Wednesday.
    What is important, according to Estoperez, is that stocks would also start arriving by November.
    NFA’s debt as of now stands at more than P130 billion. This is expected to increase amid all the pending importation.
    For the importation of the first 250,000 MT of rice, which will be done through an open tender scheme, NFA allotted a budget of nearly P6 billion. The pre-bid conference for this is scheduled today.

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