Typhoon Impact on the Global Rice Marke…

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 most of the rice crop in these regions had already been harvested before the typhoon came. But the extent of the damage brought by flooding on rice that was stored on-farm and in public and private warehouses remains to be seen.

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