The Philippines decision to extend its rice import ban until the end of 2025 has raised concerns among Vietnamese exporters, where rice prices have plunged to their lowest level in nearly three years. Philippine President Ferdinand Marcos Jr. has signed an order extending rice import restrictions on regular and well-milled rice imports until December 31, 2025. The government rice policy regarding Philippines food supply is centered on safeguarding its local farmers.
The rice ban is aimed at protecting local farmers, stabilise the market and safeguard consumers, but excludes specialty rice varieties such as Japanese, black and basmati rice. This rice import surprised Vietnamese exporters, who had expected the Philippines – hit hard by recent typhoons – to resume rice imports in December to replenish domestic supply. Chairman of the Vietnam Food Association (VFA) Đỗ Hà Nam said enterprises need to adapt to the new rice policy and closely monitor further developments. He noted that many Vietnamese firms have already diversified into African and Middle Eastern markets rather than waiting for the Philippines to reopen. “The domestic market is currently the main outlet for rice traders, as demand has surged following recent floods in the central and northern regions,” the VFA chairman told Người Lao Động (Labourers) newspaper.
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