The Philippines will extend its rice import ban until the end of 2025 to help lift farmgate prices of palay, according to Agriculture Secretary Francisco Tiu Laurel Jr.
This plan has preliminary approval from President Ferdinand R. Marcos, Jr.
The country imported an excess supply of about 800,000 metric tons as of end-September, bringing total rice imports for the January-September period to 3.5 million MT.
A one-month rice import window is planned for January 2026, allowing approximately 300,000 metric tons to augment rice supply.
The import ban will be reimplemented from February to April 2026 to coincide with the harvest season.
The initial 60-day suspension of rice imports, which began on September 1, was extended following reports of palay prices plunging below P10 per kilogram, with farmgate prices dipping as low as P7.50/kilo.
The suspension applies only to regular milled and well-milled rice.
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