Le vendredi 11 août dernier, le sous-secrétaire principal Domingo F. Panganiban said private traders had received lower price offers for Vietnamese rice. The Ministry of Agriculture (DA), for its part, asked the Indian government to relax its ban on the export of white rice

In a statement issued by the Palace, Domingo F. Panganiban said that he was pleased to inform the public that, following the directive of President Ferdinand R. Marcos, Jr. to open talks with Vietnam, some Vietnamese exporters indicated ; to our private traders prices of 30 to 40 dollars (per ton). Indeed, Vietnam has announced a plan to reduce rice exports to four million tons per year by 2030. An agricultural industry official said that a $40 reduction in Vietnamese rice prices would cause Philippine rice prices to remain expensive

In addition, DA price controllers, well-ground domestic rice sold for 42 to 52 pesos on Friday, while regular milled rice sold for 38 to 49 pesos.