Renan B. Dalisay, NFA Administrator said to BusinessWorld, “The interagency body in charge of computing and recommending how much we need to import is saying we still need to import about 600,000 MT. That’s for next year, 2015,”

He also Added, “The NFA Council members, together with the Secretary of Agriculture recommend import to the President. The sensitive progression must initiate “now or in January” as imported rice should arrive by June 2015, at the start of the lean months.”

Around 1.8 million tons of rice over the last 11 months was imported by Philippines, the prevalent in 4 years, counting 1.5 million tons of this year’s imports and 300,000 tons of last year’s remaining imports, to refill weakening stockpiles and get down local retail prices.

The NFA is still sanctioned to import additional 500,000 MT of rice this year, if required subject on supply situations as disturbed by misfortunes, likely happening of El Niño, and the manufacture yield in the fourth quarter.

Thailand and Vietnam continue to remain main supply source of the country’s rice. The NFA lately bestowed to Thailand and Vietnam a agreement to supply the Philippines with 500,000 MT of rice to complain stocks, with the first drain previously fixed to reach in the third week of October.

The Philippines can arrive into government-to-government contracts with the two countries, involving Cambodia with which it has rice-purchasing agreements.

The Philippine Statistics Authority (PSA) said Palay production knocks 11.41 million metric tons in the nine months, of which the third quarter saw 3.03 million MT, 10% below the 3.36 million MT in the similar three-month 2013 period, due to weakening of production and harvest in Western Visayas, Davao region and Zamboanga Peninsula, resulting the loss affected by typhoons Glenda, Luis and Mario in the period from July to September.

The agency estimates 5% year-on-year rise to 7.47 million MT this section to create this semester’s count to 10.5 million MT, ahead 0.5% from 10.44 million MT a year ago.

All these are projected to take palay production to aggregate 18.88 million MT for the whole 2014, 2.4% above than 2013’s 18.44 million MT, but less than 19.07 million MT goal for this year.

For the first fourth of 2015, PSA assumes palay production to glide by 0.6% to 4.28 million MT from 4.31 million MT in the similar three months this year as marginally better yield flops to balance a reduction in yield area.

The goal to crop 59,678,679 MT of rice in the next three years (2014-2016) as part of the department’s pledge to achieve rice self-sufficiency.

The Philippines attained 96% rice self-sufficiency while local farmers produced 18.44 million metric tons of rice in 2013, the nation’s maximum rice production in past.

The Agriculture department said, the country’s self-sufficiency in rice was at 82% at the start of the administration of President Benigno S. C. Aquino III in 2010.

 

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