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Typhoons could force Philippines to import 2 million tonnes of rice next year

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Reuters November 28, 2013 - 11:08 By Erik dela Cruz and Naveen Thukral MANILA/SINGAPORE (Reuters) - The Philippines, one of the world's top rice consumers, may need to import as much as 2 million tonnes of the grain in 2014 as it looks set to miss self-sufficiency targets following two strong typhoons, traders and farming experts said. That would mark the largest rice imports in four years by the Southeast Asian country, the world's biggest buyer in 2010, when it purchased a national record of 2.45 million tonnes. Higher demand from the Philippines is unlikely to have a huge impact on global rice prices as world production is forecast to exceed consumption next year. But Vietnam,...

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