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Last Updated : 09 November 2009 at 17:15 IST

Philippines to buy rice from Vietnam, S Korea

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MANILA (Commodity Online): The Philippines government will buy rice from Vietnam and South Korea in order to the offset the rice shortage caused by recent typhoon.

Philippines, the world's biggest rice importer, lost at least 1.3 million MT of rice after being pummeled over the last two months by typhoons that left more than 900 dead and rice paddies submerged. Trading platform that even a 5 year old can trade. Join now

The government last year bought a record 2.54 million MT of rice to plug a 10 % domestic production gap.