Bloomberg: EL NIÑO threatens to parch rice crops in the Philippines, the world’s biggest importer, and in Thailand, the largest exporter, according to officials in both countries. “Between 20 and 30 percent of the areas planted to rice in provinces hit by El Niño are at risk of damage due to the dry spell,” Agriculture Undersecretary Emmanuel Paras said. “That’s why we’re planning measures to counter the effects,” including spending P2 billion.” Thailand’s rice output might drop …