Monday, 26 October 2009

Philippines May Import 2 Million Tons Rice in 2010, NFA Says

The Philippines may import 2 million metric tons of rice in 2010 after
losses caused by storms, National Food Authority Assistant Administrator
Jose Cordero said in an interview.

The country will decide the amount of purchases after reviewing damage
and will try to avoid disturbing the market with tenders for large
amounts, Cordero said. The nation is considering tenders and government
transactions and may start talks by December, he said.

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