Philippines Department of AgricultureAccording to the sources it has been reported that the Philippines Department of Agriculture (DA) has set the 2016 paddy rice production target at around 19 million tons, but may not be adequate to fulfill the country’s rice self-sufficiency goal, as quoted by the Agriculture Secretary. To hit a higher target, it requires at least 20 million metric tons but the budget needed to hit the 20-million mark was not allocated. However, it was asked for additional   budget (for rice sufficiency) but it was not granted. So do not expect higher production of paddy rice, as it was narrated.

Further, it was also noted that the DA needs more seeds to reach 100% rice sufficiency level. As per data revealed that the country produced 18.149 million tons of paddy in 2015, lower than the DA’s 19.5 million ton target due to the prolonged dry conditions and other natural calamities. Regarding, imports the Agriculture Secretary informed that it will definitely need additional volume for import. But, NFA is in a position to monitor how much remains from previous years’ importation.

 In this matter, earlier this week the National Food Authority (NFA) noted that the country may not need additional imports for the lean season (July – September) as the actual impact of El Nino was not as severe as expected. It has also been noted that there was adequate stocks to meet the rice consumption needs. The Food Security Committee disclosed that there is enough rice supply until the end of June 2016. Moreover, theShanti Agro Industries Pvt. Ltd. NFA has already imported 500,000 tons of rice from Thailand and the Philippines under G2G deals; the rice is for delivery by March 2016.