If we can agree on the terms, including quantity, quality, and price, the Philippines is ready to start a direct rice trade with the Kingdom, according to the ministry.
The Philippines, according to CRF president Chan Sokheang, is one of Asia’s major importers of rice in addition to being a producer of grain. 3.82 million tonnes of imports, principally of plain white rice, were made by the nation in 2022.
He continued by saying that the CRF had initially projected a market share of roughly 100,000 tonnes. Only about 100 tonnes have been exported from the Kingdom to the Philippines over the last two years. However, due to the intense competition in its rice market, the CRF is looking into measures to lower transport costs.
