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Washington__The strong demand for rice overseas as well as its tight availability makes it also difficult for supplies to meet the rice demands of the Philippines, the USA Rice Federation said.
US rice exports this year have soared by more than 20 percent over that of last year,help by strong overseas demand for the staple.
The Philippines used $ 75 million in GSM credit guarantees this year to buy US rice but funds cannot be made available under the program since the US farm law is set to expire.
And the new harvest season in the Philippines begins in September and we can get there without suffering any devastating typhoon hits then we' ll be okay.
US rice exporters of the worldwide shortage of rice by the end of the year, but until then, prices are expected to increase further.
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