July 9, 2025 | 16:02 GMT +7

  • Click to copy
Friday- 11:16, 28/06/2024

Philippines exceeds rice purchasing target in the first half of 2024

(VAN) In the first six months of 2024, the Philippines purchased over 168,000 tons of rice, enough to meet four days of the country's emergency rice consumption needs.
Philippines exceeds rice purchasing target in the first half of 2024

Philippines exceeds rice purchasing target in the first half of 2024

The Philippine National Food Authority (NFA) announced that the country exceeded its rice purchasing target in the first half of 2024, acquiring 3.37 million 50 kg bags (equivalent to 168,262 tons). This volume is sufficient to meet four days of the Philippines’ rice consumption in an emergency.

Despite large purchases at rising prices, the NFA still has about 12 billion Pesos (approximately 204 million USD) allocated for rice procurement this year, including funds from the previous year.

According to the Philippine Department of Crop Production, as of June 6, 2024, the country’s rice imports reached more than 2.17 million tons. Vietnam continues to be the largest supplier, providing 1.59 million tons. Following Vietnam are Thailand with 339,670 tons, Pakistan with 148,618 tons, and India with 21,345 tons.

The Food and Agriculture Organization of the United Nations (FAO) reported that global rice production for the 2024-2025 crop year is forecast to increase by 0.9% over the previous year, reaching a record level of 534.9 million tons.

According to the World Food Outlook, Asia is expected to account for most of this increase, with the region's total harvest rising by 0.6% to 478.9 million tons. 

Regionally, Bangladesh, India, and the Philippines achieved record yields due to improved growing conditions and strong government support. Additionally, the expansion of rice-growing areas in response to high global rice prices is expected to boost production in Cambodia, Nepal, and Pakistan.

The Ministry of Finance of Pakistan reported that the country's rice output reached its highest level ever, at 9.9 million tons in the first 11 months of the 2023-2024 crop year. This record output helped Pakistan earn 3.6 billion USD from the export of 5.59 million tons of rice in the same period, an increase of nearly 60% over the previous year.

China's rice-growing area is forecast to expand after three years of reductions. Rice production is also expected to recover in Iraq, Iran, and Turkey.

Author: Diep Anh

Translated by Quynh Chi

Squid and octopus exports rebound: Aiming to surpass USD 700 million

Squid and octopus exports rebound: Aiming to surpass USD 700 million

(VAN) Squid and octopus exports have accelerated since the beginning of the year, with expectations to reach the USD 700 million milestone, driven by recovering demand and positive signals from both traditional and emerging markets.

Shrimp exports show strong growth but may slow down

Shrimp exports show strong growth but may slow down

(VAN) Shrimp export growth in May was positive, but businesses are concerned that the recovery momentum in the second half of the year may stall due to uncertainty surrounding U.S. tax policy.

For Vietnamese fruits to access export opportunities

For Vietnamese fruits to access export opportunities

(VAN) To enable Vietnamese fruits to reach further and enter more markets beyond China, specific solutions in production and market development are needed.

Vietnam EUDR-compliant rubber sees strong market demand

Vietnam EUDR-compliant rubber sees strong market demand

(VAN) Vietnamese rubber products that comply with the EU Deforestation Regulation (EUDR) are currently enjoying favorable market demand.

GlobalGAP dragon fruit: The key to conquer any market

GlobalGAP dragon fruit: The key to conquer any market

(VAN) Many farmers in Lam Dong province have gained the confidence to tap into even the most demanding markets by growing dragon fruit in accordance with GlobalGAP standards.

Enhancing market access for Italian agricultural exports to Vietnam

Enhancing market access for Italian agricultural exports to Vietnam

(VAN) Minister Do Duc Duy affirmed that Ministry of Agriculture and Environment will coordinate with the Italian side to resolve technical obstacles and promote bilateral trade.

China tightens safety rules amid dip in Thai durian exports

China tightens safety rules amid dip in Thai durian exports

(VAN) Thailand's durian exports to China fell by approximately 3% from January to June 2025 compared to the same period last year, according to data from Thailand's Department of Agriculture as reported by Bangkokbiznews.

Read more