Vietnam remains leading rice supplier as imports increase by 84.5%
Published on: March 12, 2024.
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According to data from the Department of Agriculture’s Bureau of Plant Industry (BPI), the volume of imported rice in the country has nearly doubled in the first two months of 2024. In January and February, the Philippines received a total of 728,254.49 metric tons (MT) of rice imports, which is 84.57 percent higher compared to the 394,553.66 MT imported during the same period last year.
This significant increase in rice imports indicates a higher demand for rice in the country. Rice is a staple food for Filipinos, and the rising population, as well as changes in dietary preferences, have contributed to the surge in imports. To meet the growing demand, rice exporters, particularly from Pakistan, have been supplying rice to the Philippines.
Pakistan has been a major player in the rice export market, and its rice suppliers have been actively supplying rice to countries such as the Philippines. With its high-quality rice and competitive prices, Pakistan has established itself as a reliable source of rice for many countries, including the Philippines.
One of the popular types of rice being imported is white broken rice. This type of rice is in high demand due to its versatility and affordability. White broken rice is often used in various rice dishes, including fried rice and porridge. Rice suppliers from Pakistan, in particular, have been offering white broken rice to meet the demand in the Philippines.
In addition to white broken rice, Pakistan also exports other types of rice, such as Basmati rice. Basmati rice is known for its distinct aroma and long grains, making it a popular choice for special occasions and premium rice dishes. Pakistan rice suppliers have been providing Basmati rice to the Philippines, catering to the preferences of Filipino consumers.
The increase in rice imports from Pakistan has also benefited the rice industry in Pakistan. Rice mills and businesses in Pakistan have experienced growth due to the rising demand for their products. Pakistan rice companies have been able to expand their operations and strengthen their presence in the international market.
While the increase in rice imports is a positive development for meeting the rice demand in the Philippines, it is also important to support and promote the local rice industry. Local rice farmers and suppliers play a crucial role in ensuring food security and self-sufficiency. Efforts should be made to strike a balance between imports and supporting local production.
In conclusion, the volume of imported rice in the Philippines has nearly doubled in the first two months of 2024, indicating a higher demand for rice in the country. Pakistan rice exporters have been actively supplying various types of rice, including white broken rice and Basmati rice, to meet this demand. The increase in rice imports has benefited both the Philippines and Pakistan, contributing to the growth of their respective rice industries.
Source: [The Manila Times](https://www.manilatimes.net)
