RP tells exporters

The Philippines has signaled rice exporting countries that it has ample rice stocks and will stop buying momentarily. A couple of months ago, the Philippine demand for more of the grains sent prices soaring to over $1,000 per ton. This time, price had gone down by 30 percent to a little over $730 per ton. "The Philippines has signalled that it has ample rice stocks and may stop buying," Chookiat Ophaswongse, the president of Thai Rice Exporters Association, told Reuters. "I see only Iran, which...