23,000 MT of imported rice kept by consignees in Manila port

PPA general manager Jay Santiago says it is possible that importers are deliberately holding up rice supply in ports to wait for price increase

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In a press briefing in Malacañang, Department of Agriculture spokesman Arnel de Mesa said the imported rice in the MICT was less than 1% of the total supply which has entered the country this year. So far the country has imported 3,093,000 MT of rice in 2024.Maliit lang na bahagi ito, bagamat kung titingnan natin ‘yung absolute value, this is still 23,000 metric tons

Santiago said earlier that importers may have opted to “keep” the rice stocks in ports while waiting for prices to increase. “ahil nga ang nangyayari ngayon bumababa na ‘yung taripa tapos nagsusumikap ang DA na tuluyang mapababa nga ang bigas, hindi na favorable kung minsan ano, ‘yung disposition o pagbebenta noong mga inangkat nilang bigas dahil hindi na maganda ‘yung presyo,”and DA’s efforts to lower rice prices, disposition is not favorable or selling the rice they imported because the price is not good.)

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