date:Jul 24, 2014
The Philippines will import an extra 500,000 tonnes of rice to increase its thin stockpiles after a typhoon damaged crops last week, in a deal that could help boost export prices in key producers such as Vietnam. The fresh demand announced on Wednesday by the Philippines' food security chief, Francis Pangilinan, brings the country's total rice purchases for this year's needs to nearly 2 million tonnes, the highest in four years, making the country one of the world's biggest rice buyers.
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