Trade and markets
 

Detail

Area
Philippines
Commodity Group
Rice
Commodity
All
Date
04/09/2018
Policy Category
Trade
Policy Instrument
Import quota
Description
Authorized the National Food Authority to import 250 000 tonnes of rice on a government-to-private basis, in order to reconstitute state reserves. In light of crop damages inflicted by the strike of Typhoon Mangkhut, a successive decision raised the import authorization to 750 000 tonnes, for delivery from 30 November 2018 onwards. This import volume would comprise 25 percent broken rice, to be sourced through three fortnightly tenders for 250 000 tonnes, each, to be held starting on 18 October 2018. The National Food Authority was additionally given standby authority to purchase 1.0 million tonnes of rice in 2019.