NFA says has sufficient rice for 2010

Reuters

Posted at Oct 19 2010 04:54 PM | Updated as of Oct 20 2010 12:54 AM

MANILA, Philippines - The country, the world's biggest rice importer, has sufficient supplies of rice and will not need to buy any more for this year despite damage to crops from Typhoon Megi, the head of the state grains agency said.

"We have more than enough for the year. The extent of damage to palay (unmilled rice) harvest in northern Luzon is still being assessed, but initial partial reports show that shortfalls are manageable," Angelito Banayo said in text message to Reuters.