12/29/2023 0 Comments Largest rice exporter in the world![]() Vietnam moved to allow 400,000 tons of rice exports in April, followed by a complete lifting of the ban in May after widespread criticism and mounting reports of rice spoiling or going to waste due to the ban. The ban was a particularly hard blow for the Philippines for which Vietnamese rice traditionally makes up some 90% of imports. Vietnam made headlines in March this year when it announced a rice export ban in what many deemed to be a ‘protectionist’ move threatening the global supply chain. “ no longer proceeding with the planned imports, the government will be able to generate PHP8.5bn (US$170.4m) savings, a sum which can be tapped to support productivity-enhancing activities in agriculture that can assist in ensuring food security for the country.” “ no longer necessary under the current situation has been properly addressed with the lifting of the rice export ban by Vietnam and the rice import arrivals of around 1.3 million metric tonnes as of the third week of June,” said Dar. However, the Philippines later announced in a June 24 statement that these import plans would be cancelled given Vietnam’s resumption of rice exports in May. Government agency Philippine International Trading Corp (PITC) issued a tender earlier this month for white rice imports with bids from India, Thailand, Vietnam and Myanmar, and Myanmar had been in the lead to supply some 75,000 tonnes to the Philippines based on its bids whereas India and Thailand bids were rejected. The Philippines is the world’s largest importer of rice (between 7% and 14% of its requirements) and had initially announced a government-to-government (G2G) deal in May this year to buffer national stockpiles, with Department of Agriculture (DA) Secretary William Dar saying that discussions were in progress with Asia’s biggest rice producers Myanmar, Vietnam, Thailand, India and Cambodia.
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