Philippines has now become the world's leading rice importer
The latest Philippines import export data reports shows that the Philippines has emerged as the top rice importer in the world surpassing China. For the financial year 2023, the Philippines has imported over 3.9 million metric tons of rice. Whereas, China which was the top rice importer has made over 3.5 metric tonnes of rice. India was by far the top rice supplier to the Philippines. Philippines import data shows that India has exported over $518 million worth of rice to the Philippines despite the restrictions imposed. During February 2023, the maximum amount of rice imports from India were done. It is estimated to be around $483 million. Syngenta India was the leading rice supplier to the Philippines during FY 2023. Whereas Bayer Bioscience, Seedworks International and Amar Singh Chawalwala are prominent rice suppliers to the Philippines. After India, Vietnam and Thailand were the biggest markets for rice exports to the Philippines. According to the Philippines customs...