{"id":20024,"date":"2024-03-06T09:45:05","date_gmt":"2024-03-06T09:45:05","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=20024"},"modified":"2024-03-06T09:45:10","modified_gmt":"2024-03-06T09:45:10","slug":"philippines-rice-supply-is-stable-at-spring-harvest","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/","title":{"rendered":"Philippines\u2019 rice supply is stable at spring harvest\u00a0"},"content":{"rendered":"\n<p><u><a href=\"https:\/\/www.selinawamucii.com\/insights\/prices\/philippines\/rice\/\">Rice<\/a><\/u>\u00a0supply in the Philippines is heading into a stable phase through mid-2024, courtesy of the ongoing spring harvest.  Additional supplies from Vietnam and a possible price stabilization\u00a0<u><a href=\"https:\/\/www.philstar.com\/business\/agriculture\/2024\/03\/04\/2338033\/philippines-cambodia-seek-expand-rice-supply-ties\">deal with Cambodia<\/a><\/u> will also meet domestic demand.<\/p>\n\n\n\n<p>As a consequence, the government assured on March 5 that rice prices will remain under 49 pesos ($0.88) a kg.<\/p>\n\n\n\n<p>The above retail price will also likely scale down as the palay (unhusked rice) harvest peaks in March through April.\u00a0<\/p>\n\n\n\n<p>After that date the government predicts a summer shortfall that will elevate the grain\u2019s cost through<a href=\"#:~:text=Heightened%20demand%20for%20rice%20grain%20also%20keeps%20international,supply%20despite%20the%20import%20ban%20on%20non-basmati%20rice.\"><u>\u00a0September 2024.<\/u><\/a>\u00a0It is likely that prices in September will revert to late February highs of 49-50 pesos ($088-0.89) a kg.<\/p>\n\n\n\n<p>Palay production in the earlier harvest of October to December 2023 fell by 2%, to\u00a0<a href=\"https:\/\/psa.gov.ph\/statistics\/crops\/palay-rice-production-prices\"><u>4.94 million tonnes.<\/u><\/a>\u00a0Hence there is high expectation for the peak March-May harvest to supplement current reserves.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-el-ni-o-losses\"><strong>El Ni\u00f1o Losses<\/strong><\/h3>\n\n\n\n<p>One of the causes for the supply slump is the El Ni\u00f1o, especially in the drought-prone rice region of northern Luzon.<\/p>\n\n\n\n<p>For the current harvest, there was only 0.11% in weather damage, which means reserves will reach springtime capacity. Some rice-growing regions however suffered significant losses, primarily Western Visayas, which lost 1000 rice hectares worth 127 million pesos ($2.273 million).<\/p>\n\n\n\n<p>Overall, El Ni\u00f1o has cost the Philippines\u2019 rice sector 284.27 million pesos ($5.09 million)\u00a0 across 5,011 hectares. According to the Department of Agriculture (DA)\u2019s Disaster Risk Reduction and Management Office, this amount applies to production losses.<\/p>\n\n\n\n<p>The Philippines is already bracing for a price slip by opting to discuss the weather-related price stabilization issue with ally, Cambodia.&nbsp;<\/p>\n\n\n\n<p><a href=\"#google_vignette\"><u>President Marcos Jr<\/u><\/a>. and Cambodia\u2019s PM, Hun Manet, discussed the matter on the sidelines of the ASEAN-Australia session on March 4.<\/p>\n\n\n\n<p>It is likely that the two will revise their existing trade deals on rice to accommodate any forthcoming price stabilization deal.<\/p>\n\n\n\n<p>Besides Cambodia, Vietnam will keep PH grain coffers full with a minimum of 1.5 million tonnes of rice annually.<\/p>\n\n\n\n<p>Ultimately, it is probable that the Philippines will eventually emerge the world\u2019s largest importer of rice in 2024. The U.S. Department of Agriculture (USDA) forecasted 3.9 million-ton imports of rice for the country in the 2023-24 market year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rice\u00a0supply in the Philippines is heading into a stable phase through mid-2024, courtesy of the ongoing spring harvest. Additional supplies from Vietnam and a possible price stabilization\u00a0deal with Cambodia will also meet domestic demand. As a consequence, the government assured on March 5 that rice prices will remain under 49 pesos ($0.88) a kg. The&#8230;<\/p>\n","protected":false},"author":3,"featured_media":19870,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.3 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Philippines\u2019 rice supply is stable at spring harvest\u00a0 - Selina Wamucii | Food &amp; Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philippines\u2019 rice supply is stable at spring harvest\u00a0 - Selina Wamucii | Food &amp; Agriculture News\" \/>\n<meta property=\"og:description\" content=\"Rice\u00a0supply in the Philippines is heading into a stable phase through mid-2024, courtesy of the ongoing spring harvest. Additional supplies from Vietnam and a possible price stabilization\u00a0deal with Cambodia will also meet domestic demand. As a consequence, the government assured on March 5 that rice prices will remain under 49 pesos ($0.88) a kg. The...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/\" \/>\n<meta property=\"og:site_name\" content=\"Selina Wamucii | Food &amp; Agriculture News\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-06T09:45:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T09:45:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.selinawamucii.com\/news\/wp-content\/uploads\/2024\/02\/640px-Philippine_Rice_Terraces.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"301\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timothy Wahome\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Timothy Wahome\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/\",\"url\":\"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/\",\"name\":\"Philippines\u2019 rice supply is stable at spring harvest\u00a0 - Selina Wamucii | Food &amp; Agriculture News\",\"isPartOf\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#website\"},\"datePublished\":\"2024-03-06T09:45:05+00:00\",\"dateModified\":\"2024-03-06T09:45:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.selinawamucii.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Philippines\u2019 rice supply is stable at spring harvest\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#website\",\"url\":\"https:\/\/www.selinawamucii.com\/news\/\",\"name\":\"Selina Wamucii | Food & Agriculture News\",\"description\":\"Discover the Latest in Food and Agriculture.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.selinawamucii.com\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8\",\"name\":\"Timothy Wahome\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g\",\"caption\":\"Timothy Wahome\"},\"url\":\"https:\/\/www.selinawamucii.com\/news\/author\/twt4wahomegmail-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Philippines\u2019 rice supply is stable at spring harvest\u00a0 - Selina Wamucii | Food &amp; Agriculture News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/","og_locale":"en_US","og_type":"article","og_title":"Philippines\u2019 rice supply is stable at spring harvest\u00a0 - Selina Wamucii | Food &amp; Agriculture News","og_description":"Rice\u00a0supply in the Philippines is heading into a stable phase through mid-2024, courtesy of the ongoing spring harvest. Additional supplies from Vietnam and a possible price stabilization\u00a0deal with Cambodia will also meet domestic demand. As a consequence, the government assured on March 5 that rice prices will remain under 49 pesos ($0.88) a kg. The...","og_url":"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/","og_site_name":"Selina Wamucii | Food &amp; Agriculture News","article_published_time":"2024-03-06T09:45:05+00:00","article_modified_time":"2024-03-06T09:45:10+00:00","og_image":[{"width":640,"height":301,"url":"https:\/\/www.selinawamucii.com\/news\/wp-content\/uploads\/2024\/02\/640px-Philippine_Rice_Terraces.jpg","type":"image\/jpeg"}],"author":"Timothy Wahome","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Timothy Wahome","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/","url":"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/","name":"Philippines\u2019 rice supply is stable at spring harvest\u00a0 - Selina Wamucii | Food &amp; Agriculture News","isPartOf":{"@id":"https:\/\/www.selinawamucii.com\/news\/#website"},"datePublished":"2024-03-06T09:45:05+00:00","dateModified":"2024-03-06T09:45:10+00:00","author":{"@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8"},"breadcrumb":{"@id":"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.selinawamucii.com\/news\/2024\/03\/06\/philippines-rice-supply-is-stable-at-spring-harvest\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.selinawamucii.com\/news\/"},{"@type":"ListItem","position":2,"name":"Philippines\u2019 rice supply is stable at spring harvest\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/www.selinawamucii.com\/news\/#website","url":"https:\/\/www.selinawamucii.com\/news\/","name":"Selina Wamucii | Food & Agriculture News","description":"Discover the Latest in Food and Agriculture.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.selinawamucii.com\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8","name":"Timothy Wahome","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g","caption":"Timothy Wahome"},"url":"https:\/\/www.selinawamucii.com\/news\/author\/twt4wahomegmail-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/20024"}],"collection":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/comments?post=20024"}],"version-history":[{"count":1,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/20024\/revisions"}],"predecessor-version":[{"id":20025,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/20024\/revisions\/20025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/media\/19870"}],"wp:attachment":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/media?parent=20024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/categories?post=20024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/tags?post=20024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}