Phl may import rice in first quarter: official
The Philippines may import Vietnamese and Thai rice in the first quarter of the year to ensure ample stocks should La nina-induced flooding and rains cut global grain production and spike prices, a senior agriculture official said today.
Rice prices are unlikely to return to records next year as supplies from Thailand and Vietnam, the world's biggest exporters, may be enough to cover Indian and Philippine shortfalls, an agricultural economics professor said.