MANILA: The Philippines’ rice imports will not reach 4.7 million metric tons despite a lowering of tariffs, Agriculture Secretary Francisco Tiu Laurel said on Tuesday.
Indonesia tenders to buy 320,000 metric tons rice, traders say
The United States Department of Agriculture, in a July report, forecast the Philippines, one of the world’s largest rice buyers, would import 4.7 million tonnes of the commodity this year.
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