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Greater than normal palay weakness expected if global rice prices decline



RICE TRADERS are expected to depress their offer prices for palay, or unmilled rice, to give themselves a margin of safety should the international price of rice fall, threatening to flood the Philippine market with cheap imports, a farming organization said.
Federation of Free Farmers National Manager Raul Q. Montemayor said the buying price of palay, the form in which farmers sell their crop, could be purchased at “lower than normal prices to play safe” should traders come to believe that “international prices will eventually go down and cheap imports might surge again.”
Currently, Mr. Montemayor said in a mobile phone message, high international rice prices are keeping import volume down. ....

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PH's rice production to significantly increase in 2021 – Manila Bulletin


Published December 18, 2020, 1:30 PM
Even if a group of farmers in the Philippines said it may take a while for them to recover from Quinta, Rolly, and Ulysses, a foreign agency is convinced that these typhoons that struck the country last month will not have a significant impact on next year’s production.
“The recent typhoons were damaging to rice and corn but not enough to offset strong production in the first quarter of MY [market year] 20/21,” US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) here in Manila (Post) said in the latest Global Agricultural Information Network (GAIN) report. ....

Keith Bacongco , Raul Montemayor , Global Agricultural Information Network , Philippine Department Of Agriculture , Foreign Agricultural Service , Federation Of Free Farmers National , Us Department Of Agriculture , Rice Competitiveness Enhancement Fund , Typhoon Ulysses , Free Farmers National Manager Raul Montemayor , Philippine Department , கூட்டமைப்பு ஆஃப் இலவசம் விவசாயிகள் தேசிய , அரிசி போட்டித்திறன் விரிவாக்கம் நிதி , சூறாவளி யூலைஸீஸ் , பிலிப்பைன் துறை ,