Philippines abandons timeframe for rice self-sufficiency
The Philippines has shifted away from setting a target date for its plan to be completely self-sufficient in the production of rice, a senior government official said, likely keeping its doors open to imports beyond the current goal of 2016.
That will be welcomed by key exporter Vietnam, which is looking to follow up on a string of deals to supply its Southeast Asian neighbor with a total of 1.5 million tonnes of the staple grain.
It could also be good news for Thailand, which wants to offload rice from a controversial stockpiling scheme at the heart of political turmoil in the country this year.
Pangilinan, appointed two months ago by President Benigno Aquino, added in an interview with Reuters that no new timeframe would be introduced for 100-percent self-sufficiency.
Critics have long said the Philippines' rice self-sufficiency goal, earlier set for 2013, was unrealistic. The target seemed even more remote after swathes of paddy were hit by drought or ravaged by typhoons, including last year's Haiyan.
While bumper harvests in other countries have stoked a global rice glut, prices in the Philippines have been pushed to record levels by the typhoons and as the government clamps down on smugglers looking to avoid hefty taxes.
"Part of the reason for the spike in (local rice) prices was precisely because we missed our sufficiency targets," said Pangilinan, with the official title of Presidential Assistant for Food Security.
"There was this tendency to downplay our import requirements, and therefore we did not import as much as we ought to, which created a tightening of supply."
The country's agriculture secretary has said that the country achieved around 97 percent self-sufficiency in 2013, but many observers are skeptical of that figure.
Pangilinan said the country could buy more rice this year in the wake of its deals with Vietnam.
A government panel will meet on July 16 to discuss local rice supply and whether more imports will be needed, he said. The panel will factor in the possible return of the El Nino weather phenomenon in the third quarter, which in the Philippines could mean drought followed by strong typhoons.
Pangilinan made a surprise announcement last month that the Philippines would import an additional 200,000 tonnes of rice from Vietnam to boost thin state stockpiles and stabilize retail prices that have fanned inflation pressures.
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