Philippines Sees 2016 Paddy Rice Output Edging Down After H1 Crop Losses

17.08.2016

The Philippines on Tuesday (16/08) said it expected its paddy rice output to reach 18.135 million tonnes in 2016, down 0.08 percent from last year following crop losses in the first half due to El Nino-induced drought.

Rice output in the second half is forecast to rise 6.73 percent from a year ago to 10.487 million tonnes, after an 8.13 pct-drop in the first half, the Philippine Statistics Authority (PSA) said in a quarterly report.

The third-quarter harvest is seen rising 16.17 percent to 2.964 million tonnes, followed by a 3.42-percent rise in the fourth quarter to 7.523 million tonnes, based on surveys of standing crops and farmers' planting intentions, the PSA said.

The Philippines, one of the world's biggest rice importers, is preparing to buy 250,000 tonnes of the food staple from either Vietnam, Thailand or Cambodia, as it seeks to maintain a comfortable reserve ahead of typhoons towards year-end.


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