Robust rice supply despite calamities

CEBU, Philippines — Despite the anticipated production losses linked to La Niña and other weather phenomena, the country is still expected to maintain a robust rice supply of 3.83 million metric tons by the end of 2024.

Philippine Statistics Authority (PSA) reported earlier that the palay production is projected to decline by 11.9 percent in the third quarter due to crop damage caused by the recent typhoons.

But the Department of Agriculture said the decrease in production would have been higher if not for higher production yield due to better seeds, farm equipment and other support provided through the Rice Fund under the Rice Tariffication Law and National Rice Program.

DA Undersecretary Christopher Morales, who is in-charge of the Rice Industry Programs, said that with a forecast loss of 358,000 metric tons—based on historical damages and actual risks this quarter, total annual palay production is expected to reach 19.41 million metric tons, translating to approximately 12.69 million tons of milled rice.

Despite the drop, DA said the national rice supply will still be strong because of the entry of 3.57 million tons of imported rice as of October 14, 2024. This is 24 percent increase from the previous year, said Morales.

The recent cut in tariff rates further incentivized imports, allows greater access to global rice markets and mitigating potential shortages, Morales said.

The government continues to monitor the situation closely, aiming to stabilize prices and maintain food security for the population.

 “This projection incorporates updated rice stock data, actual import arrivals, and historical trends, ensuring the country’s rice needs are met despite the production drop,” said  Morales.

The combination of imports and proactive management of domestic production will help ensure that the Philippines remains resilient in the face of climatic challenges, according to experts. FPL (CEBU NEWS)