Philippines faces growing rice supply deficit amid rising consumption and production challenges
The Philippines, a nation where rice is a dietary staple, is confronting a significant challenge: domestic rice consumption is projected to continue outpacing production, leading to a widening supply deficit. According to BMI, a unit of Fitch Solutions, this deficit could reach 6.1 million metric tons (MT) by 2029. Consumption and production trendsBMI forecasts that […]




