Filipinos waste ₱24.4 billion worth of rice every year.
The import suspension covers live animals and selected animal products from seven countries following confirmed outbreaks of FMD virus serotype SAT1.
The government says building buffer stocks ahead of a possible El Niño is more urgent, while farmers seek stronger support and better palay prices.
Higher purchases of electronics, fuel, and equipment point to continued business activity.
Trade gap grows at a slower pace as exports remain strong and business activity continues.
