Philippines extends rice import ban until end-2025 - BusinessWorld Online

Rice import ban extension expected to stabilize palay prices

President Ferdinand Marcos Jr. recently approved the extension of the rice import ban until the end of the year.

Philippines extends rice import ban until end-2025 - BusinessWorld Online

PHILIPPINE President Ferdinand R. Marcos, Jr. approved the extension of the country’s rice import ban until yearend to help stabilize farmgate prices for unmilled rice, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said on Sunday. An executive order formalizing the decision would be issued on Nov. 3, Mr. Laurel said in a statement. “With the import ban having little impact on retail prices and supply of rice but a significant effect on the …