The Philippines’ expected rice supply towards the end of 2024, is enough to cover consumption for 100 days, the Department of Agriculture (DA) said.
On Wednesday, October 23, the DA announced that they expect the country to maintain a robust supply of 3.83 million metric tons by the end of the year. Despite the anticipated production losses linked to La Niña and other weather phenomena, the department’s projection ensures that rice needs are met.
“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,” DA Undersecretary Christopher Morales said.
The Philippine Statistics Authority (PSA) data found that palay production is projected to decline by 11.9 percent in the third quarter to 3.35 million metric tons. This was due to the crop damage caused by recent typhoons.
“The decrease in production would have been higher were it 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,” the DA said.
Based on the historical damages and actual risks this quarter, a loss of 358,000 metric tons is forecasted, Morales said. Due to this, total annual palay production is expected to reach 19.41 million metric tons, or approximately 12.69 million tons of milled rice.
Despite this, the national rice supply will remain robust, as 3.57 million tons of imported rice had already arrived in the country as of October 14, 2024. According to Morales, the 24 percent increase from 2023 incentivized imports, and prevented potential shortages.
“Experts believe that the combination of imports and proactive management of domestic production will help ensure that the Philippines remains resilient in the face of climatic challenges,” the DA remarked.
