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PH importers delay purchases of 350,000 tons of Vietnamese rice – report

By GMA Integrated News. Rice importers from the Philippines have delayed purchases of around 350,000 metric tons of Vietnamese rice, according to a report by international news agency Reuters. The report, which was cited by ”24 Oras Weekend” on Saturday, said traders are currently renegotiating agreements after Vietnamese rice prices saw a “steep decline” in […]

Food security emergency for rice: The real issues

By: Kurt Dela Peña – Content Researcher Writer. MANILA, Philippines—With over 17 million poor households in the Philippines, an economist pointed out that the price of rice has to be brought down after increasing from P38 per kilo in the first months of 2022. Based on data from the Department of Agriculture (DA), the price […]

59 percent of Filipinos affected by surging rice prices, says survey

The survey results also showed that 58 percent believed the solutions provided by the government to control inflation were insufficient. Philippine Daily Inquirer. MANILA – The majority of Filipinos said that of the food items they bought in the last quarter of 2024, rice per kilo posted the highest increase and the government did not […]

Philippines declares food security emergency for rice.

By Vietnam News Agency. The Philippines’ Department of Agriculture (DA) has declared a food security emergency for rice in response to a sharp increase in domestic rice prices. The declaration, issued on February 3, empowers the National Food Authority (NFA) to release rice buffer stocks, aiming to stabilize prices and ensure the continued availability of […]

Subsidizing rice in emergency to cost government P2.25 billion.

Jasper Emmanuel Arcalas – The Philippine Star MANILA, Philippines — Losses of up to P2.25 billion will be absorbed by the government due to the sale of subsidized rice in the market during the state of food security emergency, but officials maintained the measure is necessary to influence prevailing retail prices that have remained exorbitant. […]

Philippines declares ‘food security emergency’ to tame retail rice prices

MANILA (Reuters) – The Philippines, among the world’s largest rice importers, declared on Monday a food security emergency to bring down the cost of rice, which it said has stayed elevated despite lower global prices and a reduction in rice tariffs last year. The declaration, which was widely expected, will allow the government to release […]