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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
Two people discussing a chart on a tablet
Economic Updates
Policy Rate Update: Dovish BSP Narrows IRD 
June 19, 2025 DOWNLOAD
View all Reports
Rates & Bonds 2 MIN READ

UPDATE 1-Philippines temporarily limits rice imports from Vietnam

November 24, 2021By Reuters
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Recasts, with confirmation from Philippines, adds quotes, details

HANOI, Nov 24 (Reuters) – The Philippines, one of the world’s biggest importers of rice, is taking steps to temporarily limit imports of the grain from Vietnam amid a big harvest at home, three rice traders and an agricultural official said on Wednesday.

The traders said that the Philippines’ department of agriculture had suspended issuing sanitary and phytosanitary import clearance for rice shipments from Vietnam.

The Philippines is Vietnam’s largest rice export market, accounting for 40% of its total rice shipments.

A spokesperson for the Philippines agriculture department confirmed that it was managing the issuance of Sanitary and Phytosanitary Import Clearance (SPSIC) in accordance with demand.

“We import only what we need, and that we have enough supply at the moment, given the bumper wet season harvest,” the spokesperson said in a response to a query from Reuters.

The Vietnam Food Association, whose members are the country’s rice exporters, did not immediately respond to a request for comment.

Vietnam’s rice shipments to the Philippines in the first 10 months of this year rose 12.3% from a year earlier to 2.09 million tonnes, according to government customs data.

(Additional reporting by neil Jerome Morales in Manila; Editing by Martin Petty)

This article originally appeared on reuters.com

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