Samarendu Mohanty, head of the social sciences division at the 
Manila-based International Rice Research Institute (IRRI), said demand in 2009 as a whole would be much the same as last year but some big deals had already gone through.
"The Philippines is already out of the market as they've already procured what they wanted," he told Reuters.
He said some buyers had held back orders as the market realised there would be ample supply from India after it resumed exports following a hiatus of almost two years.
India banned rice export in late 2007 but has in recent months allowed the sale of non-basmati rice through specific traders.
Another factor would be how the Thai government decided to release rice from its stockpiles, Mohanty said, speaking ahead of a big rice convention in Thailand.
Source : in.reuters.com/article/domesticNews/idINBKK47806620090713
Manila-based International Rice Research Institute (IRRI), said demand in 2009 as a whole would be much the same as last year but some big deals had already gone through."The Philippines is already out of the market as they've already procured what they wanted," he told Reuters.
He said some buyers had held back orders as the market realised there would be ample supply from India after it resumed exports following a hiatus of almost two years.
India banned rice export in late 2007 but has in recent months allowed the sale of non-basmati rice through specific traders.
Another factor would be how the Thai government decided to release rice from its stockpiles, Mohanty said, speaking ahead of a big rice convention in Thailand.
Source : in.reuters.com/article/domesticNews/idINBKK47806620090713
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