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Philippines rice imports are forecast to hit a record level of 4.2 million metric tons in 2025 on continued growth in consumption.
Based on recent grains statistics released by the Philippines Statistics Authority on May 8, 2024, the January to March 2024 seasonally adjusted palay production was recorded at 5.23 million metric tons . Additionally, the country’s total rice stocks inventory was estimated at 1.64 million MT as of April 1, 2024, down by 10.9 percent from 1.84 million MT inventory in the same period of the previous year.
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