Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Philippines NFA may handle unused rice import quota
BusinessWorld, June 3, 2004
The National Food Authority (NFA) is considering the possibility of importing 155,000 metric tons (MT) of rice originally allocated to farmers' organizations (FOs) under the government's farmers as importers program.

NFA administrator Arthur C. Yap said the state-run agency is also looking at allowing the private sector to participate in the tender, which represents the remaining volume FOs need to bring in by June to beef up the country's buffer stock for the lean months of July to September.

"The options available to NFA are to open up this volume to all sectors, for NFA to import said volume to beef-up the government's buffer stock or a combination of both," Mr. Yap said in a statement.

He said the NFA is currently conducting an evaluation of the two options for bringing in the untilized 155,000 MT, which is part of the volume specified by the Interagency Committee on Rice and Corn as needed by the country to attain a 90-day rice buffer for the lean months.

The NFA said the low availment by FOs was due to the high prices of rice in the international market as well as the steep freight cost.

"The situation has made rice importation unattractive if not unprofitable. Rice traders have therefore decided to aggressively buy local palay instead of importing rice," Mr. Yap said.

The 155,000 MT forms part of the 310,000 MT allocation for FOs under the farmers as importers program. The NFA has already purchased some 610,000 MT of rice from various sources such as Vietnam and Thailand.

The farmers as importers program was introduced last year as part of the government's efforts to lift the NFA's monopoly over the importation of rice.

In 2003, only 315,993 MT of rice were imported out of the 400,000 MT FOs were allowed to bring in, prompting the NFA to open the program to private traders.

The NFA earlier projected national rice imports to reach 810,000 to 945,000 MT in 2004. This was based on a projected production shortfall as well as the buffer stock requirement of the NFA for the lean months.

The importation is being undertaken despite the Department of Agriculture's (DA) pronouncements that the country will be self-sufficient in rice as it projects palay production to reach 15 million metric tons for 2004.
MGR Archive 4.6.2004
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice