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Philippines to stop buying rice for the rest of 2014

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The NFA expects local retail rice prices, which reached record highs in recent months, to ease in the last quarter as imports boost local supply.

Manila

THE Philippines, one of the world's biggest rice importers, is set to end purchases of the grain for this year's requirements, the country's food security chief said on Tuesday.

The state grains procurement agency, the National Food Authority (NFA), has standby authority to

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