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PH rice stocks down in June

DESPITE recent rice imports aimed at boosting domestic stocks, the country’s total rice inventory stood at 2.36 million metric tons (MMT) in June, lower than the volume recorded a year ago and in May, the Philippine Statistics Authority (PSA) said. In its latest “Rice and Corn Stocks Inventory” report, the state-run statistics agency said the [...] The post PH rice stocks down in June appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netJul 12th, 2018

Rice stocks down in June

MANILA, Philippines - The country’s rice inventory declined 20 percent to 2.6 million metric tons (MT) in June, the Philippine Statistics Authority reported......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2017

AgriNurture to buy rice from Vietnam state firm in $1-B deal

Listed agribusiness company AgriNurture Inc. (Ani) has signed a billion-dollar agreement with Vietnam's largest grains exporter to help augment the country's rice stocks amid skyrocketing.....»»

Category: newsSource:  philippinetimesRelated NewsSep 18th, 2018

NegOcc rice stocks good for 30 days; harvest, imports to boost supply

BACOLOD City – The inventory of both commercial and government rice in Negros Occidental is only good for 30 days but the upcoming harvest and expected import allocation will boost supply by October, according to the National Food Authority (NFA). NFA-Negros Occidental provincial manager Frisco Canoy said as of Sunday, stocks are “safe and very […] The post NegOcc rice stocks good for 30 days; harvest, imports to boost supply appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsSep 17th, 2018

Philippines’ paddy rice losses from Typhoon Ompong exceed forecasts by 60%

MANILA — The Philippines lost a total of 250,730 tonnes of paddy rice due to the strong typhoon that hit its northern provinces over the weekend, according to initial official estimates, exceeding a worst-case forecast by 60 percent. The Philippines, one of the world’s biggest rice importers, had been under pressure to boost its stocks […].....»»

Category: newsSource:  interaksyonRelated NewsSep 17th, 2018

Vietnam rice shipments set to grow; PH among main markets

HCM CITY --- Vietnam's rice exports are expected to rise in the remaining months of the year thanks to increasing demand in many markets, according to the Ministry of Agriculture and Rural Development. Higher demand has been forecast in China, the Philippines, Indonesia, Iraq, and Southern African countries, it said. The Philippines, for instance, plans to import 500,000 to 800,000 tonnes to supplement its depleting stocks and stabilize prices. A new decree, which takes effect in October, is expected to remove difficulties and legal barriers faced by rice businesses in expanding exports. Rice exporters said they are likely to see positive signs from October but also challenges. La...Keep on reading: Vietnam rice shipments set to grow; PH among main markets.....»»

Category: newsSource:  inquirerRelated NewsSep 9th, 2018

NFA Council OKs additional 250,000 MT rice imports

THE policy-making body of the National Food Authority (NFA) has approved the additional importation of 250,000 metric tons (MT) of rice this year to beef up the agency’s current stock. Following a meeting on Tuesday, the council ordered the NFA to hold an open tender “immediately” for the importation of the additional rice stocks. NFA [...] The post NFA Council OKs additional 250,000 MT rice imports appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 6th, 2018

P50,000-P200,000 reward offered for information against rice hoarders

THE DEPARTMENT of Agriculture (DA) is coordinating with the private sector for monetary rewards in exchange for information that would lead to the arrest of rice hoarders, Secretary Emmanuel Piñol said on Friday. The “Report-a-Hoarder Program” is in support of President Rodrigo Duterte’s campaign “to identify hoarders and to arrest those whore are keeping rice stocks [...] The post P50,000-P200,000 reward offered for information against rice hoarders appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 31st, 2018

Philippines set to purchase extra 132,000 T of rice

MANILA – The Philippines will import an additional 132,000 tonnes of rice to boost stocks in southern provinces, where prices have surged in recent weeks amid limited supply, its agriculture minister said on Wednesday. The plan approved by regulators includes the “immediate procurement” of 32,000 tons of the staple grain, Agriculture Secretary Emmanuel Pinol told reporters. The […].....»»

Category: newsSource:  interaksyonRelated NewsAug 30th, 2018

NFA bans LGUs to buy rice for buffer stock

PILI, Camarines Sur -- National Food Authority (NFA) provincial manager Alexander Farera revealed to Naga City reporters on Friday that NFA Administrator Jason Aquino had issued Memorandum Circular 137, prohibiting local governments to purchase buffer-stocks of rice after the provincial government purchased from the NFA 5,000 bags of rice, thus….....»»

Category: newsSource:  journalRelated NewsAug 26th, 2018

NFA rice stock arrives Zamboanga, but traders limit sale

ZAMBOANGA CITY – The National Food Authority has started releasing rice stocks to retailers in Zamboanga City in southern Philippines, […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsAug 24th, 2018

NFA suspends 5 retailers in SouthCot

KORONDAL CITY (MindaNews / 24 Aug) – The National Food Authority (NFA) has suspended five of its accredited rice retailers in South Cotabato province for alleged diverting and hoarding their allocated rice stocks. Agerico Baquiran, NFA-South Cotabato provincial manager, said Friday he suspended the allocation and accreditation of the erring rice retailers pending an ongoing […].....»»

Category: newsSource:  mindanewsRelated NewsAug 24th, 2018

Agriculture chief clarifies: No rice shortage nationwide

Agriculture Secretary Manny Piol on Wednesday clarified that there is no rice shortage nationwide. The rice crisis is limited to Zamboanga City, which is now under the state of calamity,Basilan, and Tawi-Tawi. "Dapat maintindihan natin ang nangyayari sa Zamboanga (We should understand that what is happening in Zamboanga). It's not a shortage of rice supply nationwide. It's a peculiar case sa Zamboanga City, Basilan, Tawi-Tawi," Piol said in an interview over DZMM. A rice shortage prompted the local council of Zamboanga City on Monday to declare a state of calamity to enable the local government to control prices of the staple food and buy buffer stocks using a P15-million calamity ...Keep on reading: Agriculture chief clarifies: No rice shortage nationwide.....»»

Category: newsSource:  inquirerRelated NewsAug 22nd, 2018

Rice stocks dwindle by 15% in July 2018

The country’s rice inventory remains on a downward trend, declining by 15 percent to 1.99 million metric tons in July......»»

Category: financeSource:  philstarRelated NewsAug 10th, 2018

Stocks down on inflation worries

The local stock market underperformed regional markets on Tuesday as investors braced for a more aggressive local monetary tightening following the surge in the July year-on-year inflation rate to a new five-year high of 5.7 percent. The main-share Philippine Stock Exchange index (PSEi) tumbled by 91.46 points or 1.17 percent to close at 7,725.85 ahead of the Bangko Sentral ng Pilipinas' monetary setting on Thursday. The 5.7-percent inflation rate in July, which rose from 5.2 percent in June, overshot the market consensus forecast of 5.6 percent. It was at the upper end of the Bangko Sentral ng Pilipinas' forecast range of 5.1-5.8 percent for the month. "With year-to-date CPI (c...Keep on reading: Stocks down on inflation worries.....»»

Category: newsSource:  inquirerRelated NewsAug 8th, 2018

Suarez remains minority leader, Duterte on Uson, Kris Aquino | Evening wRap

Today on Rappler: The House majority bloc retains Quezon Representative Danilo Suarez as minority leader. President Duterte does not think much about the controversy sparked by the lewd federalism jingle posted by Communications Assistant Secretary Mocha Uson. Government rice imports in June fail to bring down rice prices. A ........»»

Category: newsSource:  rapplerRelated NewsAug 7th, 2018

Rice imports fail to tame inflation in July 2018

MANILA, Philippines – The government imported some 250,000 metric tons of rice from Thailand and Vietnam last June, yet ........»»

Category: newsSource:  rapplerRelated NewsAug 7th, 2018

NFA: Rice imports must be fast-tracked

State-run National Food Authority (NFA) is pushing for the earlier importation of rice to boost the country’s buffer stocks and avoid shipping and distribution delays that may be caused by unfavorable weather. “Right now, the typhoons are lining up like people buying NFA rice,” spokesperson Rex Estoperez said in a telephone interview. “If we want [...] The post NFA: Rice imports must be fast-tracked appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 31st, 2018

June hot money outflows accelerate as bears dominate stocks

Foreign capital lodged in short-term investments flowed out of the Philippines for a second consecutive month in June--a phenomenon attributed by the Bangko Sentral ng Pilipinas to rising returns o.....»»

Category: newsSource:  philippinetimesRelated NewsJul 13th, 2018

June ‘hot money’ outflows accelerate as bears dominate stocks

Foreign capital lodged in short-term investments flowed out of the Philippines for a second consecutive month in June---a phenomenon attributed by the Bangko Sentral ng Pilipinas to rising returns overseas and investors' worries about high domestic inflation and the weakening currency. In a statement, the central bank said $516 million worth of registered foreign portfolio investments left the country last month, reversing the $73 million in net inflows reported during the same period last year. The June net outflows were also more than double the amount recorded in May of $206 million. "This may be attributed to the US Federal Reserve's decision to increase interest rates and i...Keep on reading: June ‘hot money’ outflows accelerate as bears dominate stocks.....»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2018

NFA mulls additional rice imports

State-run National Food Authority is considering importing another 500,000 metric tons of rice due to the depletion of the agency’s stocks......»»

Category: financeSource:  philstarRelated NewsJul 12th, 2018