THE US Department of Agriculture (USDA) said it reduced its estimate for Philippine milled rice production in marketing year 2025-2026 to 12.3 million metric tons (MMT), following typhoon damage to crops in November. The revised estimate for the current marketing year is 2% lower than November’s projection of 12.6 MMT and down 1% from the […]THE US Department of Agriculture (USDA) said it reduced its estimate for Philippine milled rice production in marketing year 2025-2026 to 12.3 million metric tons (MMT), following typhoon damage to crops in November. The revised estimate for the current marketing year is 2% lower than November’s projection of 12.6 MMT and down 1% from the […]

USDA cuts output forecast for PHL rice, citing typhoon damage

2025/12/10 23:47

THE US Department of Agriculture (USDA) said it reduced its estimate for Philippine milled rice production in marketing year 2025-2026 to 12.3 million metric tons (MMT), following typhoon damage to crops in November.

The revised estimate for the current marketing year is 2% lower than November’s projection of 12.6 MMT and down 1% from the year-earlier 12.37 MMT, the USDA said in a report.

The USDA’s marketing year starts in July and ends in June of the following year.

The USDA said the harvested area for the marketing year is projected at 4.7 million hectares, also 2% lower than the month-earlier estimate, and slightly below the year-earlier one. The yield estimate was downgraded 1% to 4.15 tons per hectare.

The USDA said initially favorable growing conditions were offset by heavy rainfall in early to mid-November brought on by Typhoon Fung-wong, known in the Philippines as Uwan.

“Torrential rains led to localized flooding in the northern Philippines’ major rice-producing provinces, most notably, Central Luzon and the Cagayan Valley. Combined, these two regions account for roughly a third of quarter four rice output,” the report said.

The USDA said the regions experienced widespread flooding, with early analysis indicating more than 250,000 hectares of rice fields inundated.

The USDA added that while rice can tolerate short periods of flooding, extended inundation during the crop’s advanced development stage is expected to weigh on fourth-quarter yields.

Meanwhile, the USDA also projects a decline in rice imports for the year, following the government’s temporary import ban.

In a separate report, the USDA estimated that Philippine rice imports this year will total 3.5 MMT, down from a revised estimate of 3.7 MMT in a previous report.

In August, the Philippines, the world’s top rice importer, announced a 60-day ban on rice imports starting September to assist farmers facing low farmgate prices. The ban was extended to the end of the year, with imports ex-pected to resume in January. — Vonn Andrei E. Villamiel

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Aave V4 roadmap signals end of multichain sprawl

Aave V4 roadmap signals end of multichain sprawl

The post Aave V4 roadmap signals end of multichain sprawl appeared on BitcoinEthereumNews.com. Aave Labs has released its official launch roadmap for V4, laying out the final steps ahead of the major upgrade’s Q4 mainnet launch.  Alongside new architectural and security improvements, the roadmap introduces a fundamental shift in how user balances are tracked and highlights a strategic pullback from economically underperforming deployments across layer-2 and alternative layer-1 networks. The V4 release moves away from aTokens’ rebasing-style mechanics toward ERC-4626-style share accounting, a change that promises cleaner integrations, easier tax treatment, and better compatibility with downstream DeFi infrastructure.  In a recent technical development update, Aave Labs confirmed that “tokenization is to remain optional and built using ERC 4626 vaults,” and that internal accounting will eliminate the use of exchange rates or scaled balances. The goal is to “further improve the overall reliability of the protocol.” ERC-4626 is a widely adopted Ethereum standard that expresses user deposits as shares of a vault rather than balances that grow over time. In Aave V3, aTokens accrue interest by increasing a user’s balance directly — behavior that resembles rebasing tokens and often confuses integrations and portfolio accounting tools.  By contrast, ERC-4626 tracks yield through a rising price-per-share metric, leaving token balances unchanged. The result is more predictable behavior for integrators, auditors and tax software, as well as a clearer cost basis for users. The roadmap also outlines a series of release milestones, including a formal codebase publication, a public testnet launch with a redesigned interface, and the completion of a multi-layered security review involving formal verification and manual audits. Aave Labs said the roadmap reflects the protocol’s “final stages of review, testing, and deployment,” and that additional documentation and launch preparation materials will be released in the coming weeks. But the most pointed strategic shift comes not from the codebase, but from Aave’s own governance forums. “Aave…
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BitcoinEthereumNews2025/09/18 07:40