The Financial Times reports a drastic spike in the price of rice, as demand for imports rise due to decimation of large parts of the domestic crop by storms. The Philippines import more rice annually than any other country, though they will compete with demand in India this year, which also suffered crop losses.
According to the International Rice Reseach Institute, rice consumption accounts for "41% of total caloric intake and 31% of total protein intake" for the country as a whole.
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