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Philippines to import rice again

Posted by Francis Isberto | Labels: | Posted On Wednesday, October 21, 2009 at 12:08 AM

Thanks to typhoons Ondoy and Pepeng Vietnam expects to start signing rice-export contracts with the Philippines earlier than usual this year after storms damaged harvests rice crops.

During the old days, the Philippines is one of the top rice producers in Asia. In fact, neighboring countries like Thailand travel to the Philippines to study the technique of Rice production. But due to corruptions and natural disasters, our country is lagging behind to Thailand and Vietnam.

Today the Philippines will import
250,000 metric tons of rice at the end of this month. If we are Hong Kong it's alright to import rice since Hong Kong doesn't have the idle land to plant rice crops. On top of which Hong Kong's economy is making stride with their local tourism. Hong Kong can afford to import rice. The Philippines on the other hand is a country in debt and is struggling financially. It's a good thing that we have OFW remittance and BPO services or else we will be more in debt.

The Philippines is rich in natural resources and has the land to invest in Agriculture. We should give importance to this sector by making use of idle lands and converting it to basic goods. We could therefore use it locally or have the option to export internationally.

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