Philippines cuts Q2 rice output forecast


Posted at Jun 20 2017 02:45 PM | Updated as of Jun 20 2017 03:27 PM

MANILA - The country's palay or unmilled rice output from April to June is now forecast to hit 4.10 million tons, down slightly from the April forecast of 4.13 million tons, the Philippine Statistic Authority (PSA) said in a report on Tuesday.

The agency said the lower harvest may be attributed to continuous rainfall in several provinces and other factors.

"In some provinces, this was also affected by insufficient water supply and incidence of pests," the PSA said. 

Despite the lower than expected rice harvest, the PSA noted this year's second quarter rice output was still 10.5 percent higher than the previous year’s output of 3.71 million metric tons. 

The Philippines, one of the world's biggest rice importers, is preparing to issue a tender to import 250,000 tons of the grain to boost dwindling state stockpiles. -- with a report from Reuters