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USDA: Philippines to buy less rice amid global demand slowdown
![](https://ricenewstoday.com/wp-content/uploads/2024/08/bigas-1.jpg)
The US Department of Agriculture lowered its forecast for Philippine rice imports this year and next, citing a slowdown in purchases from Vietnam and a broader decline in global consumption.
The world’s biggest rice buyer is now seen importing 4.6 million metric tons in 2024, down from a previous estimate of 4.7 million tons, the USDA said in a report Thursday.
The 2025 forecast was also trimmed to 4.6 million tons.
Lower consumption in the Philippines, Kenya and Vietnam contributed to a slight cut in the USDA’s global rice consumption forecast, the report said.
The agency noted a narrowing of price spreads among major Asian rice exporters due to diminished market volatility.
https://bilyonaryo.com/2024/08/16/usda-philippines-to-buy-less-rice-amid-global-demand-slowdown/food-nature/Published Date: August 16, 2024