The Philippines will still have a sufficient supply of rice until next year, according to the Department of Agriculture.

In a news forum on Saturday, DA Assistant Secretary Arnel de Mesa said the country was able to draw up a "stable supply" of rice since August and it is expected to last until November.

"We expect the national inventory stocks to reach 77 days this month, which is expected to increase up to 94 days in November this year due to the continued harvest this wet season," De Mesa said in an. Interview.

He noted that the rice importation is not yet included in the count.

"Maasahan po natin na talagang sapat at maganda at matatag po ang supply ng bigas natin na maaasahan po natin hanggang sa pagpasok po ng susunod na taon na 2024," he said.

De Mesa said there will be a "bumper in the rice harvests" during the wet season and that the government is expecting a more stabilized rice supply until next year.

"We do not see any movement of rice prices in the market," he added.

De Mesa said more supply will add up once the rice imports are delivered to the country by the end of September.

"Pumalo po ito sa mahigit 271,000 metric tons at historically ay marami pa rin naman iyong pumapasok na imports sa last quarter na bahagi ng taon," he added.

The government, he said, is also working on reducing the cost of production in the Philippines" in order to ensure the affordable prices of basic commodities in the market."