Philippines Look To Buy Wheat And Rice

Following extensive damage to local corn and rice crops by a series of recent typhoons, the Philippines is expected to buy substantial quantities of rice and wheat over the next few months.

Having already bought around 200,000 MT of wheat since the first typhoon struck in late September, local feed millers are expected to buy a further 400,000 MT over the next fed months.

Ukraine origin wheat has picked up most of the recent orders and is likely to figure prominently again, whilst stocks last!

The country is also expected to buy 250,000 MT of rice from Thailand and Vietnam in the next few days.