India eyes untapped opportunity for rice exports to the Philippines

India is pushing rice exports to the world’s largest importer of the commodity -- the Philippines -- and to tap the opportunity, a large delegation of leading exporters will visit the Southeast Asian nation. The delegation will comprise exporters of rice, and other key potential exports to the Philippines, like vegetables, onions and potatoes, groundnuts, and meat, in early September. In 2024, the Philippines imported agricultural goods worth about USD 20 billion, with key imports including semi-milled rice, wheat, meslin, oilcake, food preparations and palm oil. India exported agricultural products worth USD 413 million to the Philippines in 2024, accounting for about 2% of the Philippines’ total agricultural imports. India’s major exports to this market were bovine meat, groundnut, rice and tobacco. The Philippines is the largest importer of rice in the world, valued at USD 2.52 billion, as per a report.

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