Philippines Suspends Rice Imports: A Challenge for Vietnamese Exporters
According to the specialized rice market news website, SS Rice News (ssricenews.com), the Philippine Department of Agriculture has issued guidelines to implement the President’s order to temporarily suspend rice imports for 60 days, effective September 1st.
Shipments Arriving After September 15th Will Be Sent Back
Under these guidelines, imported milled rice shipments with valid Sanitary and Phytosanitary Import Clearance (SPSIC) must be transported by cargo ship and arrive at the port by September 15th (except in cases of force majeure or natural disasters) and depart from the port of origin no later than August 30th.
The shipments must have a bill of lading dated no later than August 25th and must arrive at the designated ports of Manila, Davao, Cagayan de Oro, and Cebu for strict monitoring.
Any shipments arriving after the specified deadline will be sent back to the origin, with the importer bearing the cost.
However, sticky rice, basmati rice, and other specialized rice varieties are exempt from these guidelines.
DT8, a unique Vietnamese rice variety, is highly popular in the Philippines.
The issuance of SPSIC certificates will be temporarily halted from September 1st, and all applications will be rejected until further notice.
Scramble for Exports Before the Deadline
Vietnamese rice exporters to the Philippines noted that while the transit time varies from 2 to 10 days, comprehensive documentation is required, so companies are primarily fulfilling existing contracts.
Since the news broke about the Philippines—the world’s top rice importer and Vietnam’s largest rice market, accounting for over 40% of Vietnam’s rice exports—temporarily halting rice imports for 60 days starting September 1st, many exporters have expressed concern.
There has been a slight dip in rice prices due to psychological factors, but prices rebounded as exporters rushed to fulfill contracts before the official suspension of rice imports.
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