Rice imports in June rose 20.1% year on year to a record 2.75 million metric tons. The increase reflects concerns over El Niño and a strategic buildup of inventories.
Department of Agriculture spokesperson Arnel V. De Mesa referenced Bureau of Plant Industry estimates during a briefing. He warned that challenges to the domestic rice supply remain significant.
El Niño and rising fuel and fertilizer prices continue to pose risks to the upcoming harvest. These factors could constrain local production and affect market stability.
To mitigate import impact, the department permits only 25% broken rice imports while restricting 5% broken rice shipments. The restriction will stay in place until the rice harvest commences in September.
The National Food Authority has increased its buying price for rice. The higher price is intended to support farmgate rates and lessen reliance on imports during the harvest period.
Officials stress the need for sufficient, affordable supply to ensure volume stability through the end of the year. Maintaining price stability remains a priority for both farmers and consumers.
A price cap of P50 per kilogram on 5% broken rice has affected nationwide rice prices. The National Price Coordinating Council adopted a recommendation to extend the cap for 60 days and forwarded it to the president.
The cap, which lapsed on June 13, is currently under review by the Office of the President. Its continuation will influence future import and pricing policies.
