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Philippines sees Q2 paddy rice output down 3

Philippines sees Q2 paddy rice output down 3.1 pct y/y

5/15/2018

 

MANILA, May 15 (Reuters) - The Philippines' unmilled riceoutput is expected to drop 3.1 percent in the second quarter from a year earlier, pulled down by a decline in harvest areaand inadequate water supply, the statistics agency said on Tuesday.The Philippine Statistics Authority said production in April-June will probably hit 4.022 million tonnes, based on standing crop, compared with 4.150 million tonnes harvested in the same period a year ago.The Southeast Asian nation, a frequent rice importer, is buying up to 500,000 tonnes of rice in two tenders this month to rebuild depleted buffer stocks. Vietnam and Thailand won supply deals involving half of that volume.

 

Source: https://www.agriculture.com/markets/newswire/philippines-sees-q2-paddy-rice-output-down-31-pct-yy

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