date:Jul 24, 2014
t some 50,000 metric tonnes from the typhoon and local harvest is not expected to start until end of September, Pangilinan said.
Inventories at the Philippines' state grains procurement agency, the National Food Authority, were currently good for 82 or 83 days of national consumption, below a requirement for a 90-day buffer stock, he said. We need to augment our stocks, he said. If we don't intervene, local rice prices will remain high or even rise further. The latest purchase will add to a se