Typhoon Impact on the Global Rice Market

It is too early to say anything on the extent of the damage to the rice crop in the Philippines from Typhoon Haiyan (local name Yolanda). The current rice crop in the affected regions—including Mimaropa; Bicol; Western, Central, and Eastern Visayas; Northern Mindanao; and Caraga—accounts for less than 10% of the Philippines’ annual rice production, and …