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The US Department of Agriculture (USDA) expects the Philippines to keep its title as the world’s leading importer of rice, with shipments this year expected to increase to 4.1 million metric tons, 5.1 percent more than the 3.9 million brought in last year.
According to the report, the USDA’s Foreign Agricultural Service said in a report that the volume of imports would reach this record high on the back of the anticipated growth in population and increased tourism. The shipments are mainly coming from Vietnam.
On the other hand, India is projected to remain the world’s leading rice exporter despite trade restrictions, with exports pegged to hit 18 million MT, equivalent to about a third of the total global export volume.
The other major exporters are Vietnam, Thailand, Pakistan, and Myanmar.
According to the report, the USDA’s Foreign Agricultural Service said in a report that the volume of imports would reach this record high on the back of the anticipated growth in population and increased tourism. The shipments are mainly coming from Vietnam.
On the other hand, India is projected to remain the world’s leading rice exporter despite trade restrictions, with exports pegged to hit 18 million MT, equivalent to about a third of the total global export volume.
The other major exporters are Vietnam, Thailand, Pakistan, and Myanmar.