Close Menu
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition
What's Hot

Israel’s Supporters Are Playing Into the Hands of the Antisemitic Right

Luzon, Visayas grids on red alert

Anderson .Paak Finally Speaks On Relationship With Mariah Carey

Facebook X (Twitter) Instagram
Trending
  • Israel’s Supporters Are Playing Into the Hands of the Antisemitic Right
  • Luzon, Visayas grids on red alert
  • Anderson .Paak Finally Speaks On Relationship With Mariah Carey
  • Queen Latifah To Join ‘The Voice’ For Its 30th Season
  • Tony Hinchcliffe’s ‘Joke’ About George Floyd Garners Reactions
  • Aaron Cole Gets Usher’s Approval To Sample “You Make Me Wanna”
  • Atmus Filtration Technologies Names Kevin Carpenter Senior Vice President & Chief Supply Chain Officer
  • Photos: Alia Bhatt Turns Heads in Blue Danielle Frankel Gown at Cannes 2026
Facebook X (Twitter) Instagram YouTube
THE MIRROR OF MEDIA
  • Home
  • Accounting
  • Banking
  • Business
  • Political
  • Crypto
  • Real Estate
  • Ecommerce
  • Entrepreneur
  • Investment
  • More
    • Music
    • Gossip
    • Pop Culture
    • Wall street
    • IPO’S
    • Mortgage/Loans
    • Venture Capitalists/Angel Investors
THE MIRROR OF MEDIA
You are at:Home»Business»PHL rice imports may hit 4.8 MMT
Business

PHL rice imports may hit 4.8 MMT

adminBy adminNo Comments4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email



THE PHILIPPINES’ rice imports this year could reach 4.8 million metric tons (MMT), potentially matching or exceeding the elevated level recorded in 2024, as rising input costs and a looming El Niño threaten domestic output, the Department of Agriculture (DA) said.

“Because of the pressure, it’s possible that we will import 4.8 million metric tons this year, or more,” Agriculture Assistant Secretary Arnel V. de Mesa told reporters on Tuesday.

He said the DA’s rice program has raised its import projection from an initial 4 MMT to ensure an 85-day year-end stock, a food security benchmark used by the agency.

For the first quarter alone, the Bureau of Plant Industry said the country imported 1.29 MMT of rice, which was 40.17% higher than the year-earlier shipments of 917,855 MT and 71.54% higher than the DA’s earlier forecast of 750,000 MT.

The DA said higher import volumes are needed to help stabilize local supply and prices amid a projected decline in rice production this year.

“There’s pressure because we’ll see in the next planting… we have three shocks that we can expect,” Mr. de Mesa said, citing rising oil prices, higher fertilizer costs, and a looming El Niño.

The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Wednesday raised an El Niño alert, saying the phenomenon is likely to develop in the coming months and begin as early as June, bringing drier-than-usual conditions that could affect agriculture.

Mr. de Mesa said higher fuel costs could increase expenses for land preparation and farm operations, while fertilizer prices are being monitored at around P2,500 to P2,800 per bag.

The DA earlier cut its 2026 palay (unmilled rice) output estimate to 19.87 MMT from the original 20.28 MMT target following weaker first-quarter data.

“Because of the reduction in the estimates, their projection was reduced to 19.87 MMT,” Mr. de Mesa said.

The Philippine Statistics Authority reported that palay production in the first quarter likely declined 6.9% to 4.37 MMT from 4.7 MMT a year earlier.

Mr. de Mesa said output could fall further if input costs remain elevated.

“The 19.87 MMT can be further reduced… if the price of fertilizer goes up to as high as P3,500 per bag… [and] if the price of oil goes up to P150 to P190,” he said.

If production falls to around 18.8 MMT, this would be the lowest palay output since the 17.62 MMT recorded in 2016.

The DA said it is also monitoring the potential impact of El Niño, which could further dampen production in the coming months.

Mr. de Mesa said risks are more pronounced for the second cropping season, where output losses could be significant.

“For the second cropping season, the best-case scenario is 20% reduction in output; worst case is 50%,” he said.

“The projected harvest of the second crop is 10 to 11 million metric tons… 20% of that is 1 to 2 million metric tons. If it is half, it is up to 5 million metric tons that can be lost. That is the worst-case scenario.”

Meanwhile, the DA said it is promoting the use of biofertilizers as a cost-effective alternative to fuel-based inputs to help cushion the impact of rising costs.

“Many farmers are already using different types of biofertilizer, [and] it can reduce the requirements of inorganic [fertilizer] from 20% up to 50%,” Mr. de Mesa said.

He added that P500 million of the DA’s P1-billion Quick Response Fund, activated following the declaration of a state of national energy emergency, will be used to procure biofertilizers ahead of the next cropping season. — Vonn Andrei E. Villamiel



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleAtlanta Woman Sues Multiple Police Agencies Following Raid
Next Article I Can Never Talk to an AI Anonymously Again
admin
  • Website
  • Facebook

The most informative business website online.

Related Posts

Luzon, Visayas grids on red alert

Atmus Filtration Technologies Names Kevin Carpenter Senior Vice President & Chief Supply Chain Officer

March loan growth at 7-month high

Comments are closed.

Don't Miss
Political

Israel’s Supporters Are Playing Into the Hands of the Antisemitic Right

By conflating Judaism and Zionism, institutional leaders have made Jews everywhere less safe. Ad Policy…

Luzon, Visayas grids on red alert

Anderson .Paak Finally Speaks On Relationship With Mariah Carey

Queen Latifah To Join ‘The Voice’ For Its 30th Season

Tony Hinchcliffe’s ‘Joke’ About George Floyd Garners Reactions

Aaron Cole Gets Usher’s Approval To Sample “You Make Me Wanna”

Atmus Filtration Technologies Names Kevin Carpenter Senior Vice President & Chief Supply Chain Officer

Photos: Alia Bhatt Turns Heads in Blue Danielle Frankel Gown at Cannes 2026

Housing demand favors markets with pricing alignment

Chlöe Bailey Shatters Internet With Vacay Cakes In St. Lucia

Krash Out Kash Patel Labeled “Public Concern” After Senate Hearing

#RHOA Reflections: K. Michelle Says She’s Trying Not To ‘Declass The Show’, Wants To Make Amends With Porsha Williams

T.I. Said ‘Let ‘Em Know,’ And His 2026 Run Is Doing Exactly That

Trump Leaves Ukraine's Future to Europe

Nike Drops “Knicks” Themed Air Force 1

About Us
About Us

LewLewBiz delivers practical insights on entrepreneurship, finance, and business operations. Explore expert advice on payroll, landlord strategies, and industry news to empower your financial decisions and business growth.

We're accepting new partnerships right now.

Email Us: lewlewmedia@gmail.com
Contact: lewlewmedia@info.com

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Israel’s Supporters Are Playing Into the Hands of the Antisemitic Right

Luzon, Visayas grids on red alert

Anderson .Paak Finally Speaks On Relationship With Mariah Carey

Most Popular

Plaqueboy Max Trolls Fivio Foreign Over Calling Kai Cenat Out

Sara Rivers’ Claims Against Diddy Mostly Axed By Judge

Metro Boomin Celebrates Sexual Assault Trial Victory

© 2026 lewlewmedia since 2016
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition

Type above and press Enter to search. Press Esc to cancel.