Philippines – Rice stocks dwindle in July
Stocks are expected to increase next month with the arrival of 250,000 MT of rice imports this month.
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Stocks are expected to increase next month with the arrival of 250,000 MT of rice imports this month.
Total 2017/18 rice supplies are forecast to decrease 7 percent from the previous year to 273.1 million cwt, primarily on the reduction in long grain.
Rice millers are demanding that the government increase the price of rice proposed to be supplied at Rythu Bazaars to at least Rs 35 a kg, citing losses on account of rise in power tariff, transportation and other operational costs.