Agriculture Secretary Francisco P. Tiu Laurel Jr. on Friday welcomed an initiative by MerryMart Grocery, a company under listed DoubleDragon Corp., to support the government’s effort to provide affordable rice options to Filipino consumers. “We need more good corporate citizens like MerryMart who are ready to extend a helping hand to assist the government in […]
By JON VIKTOR D. CABUENAS, GMA Integrated News The National Food Authority (NFA) is looking to distribute some 150,000 metric tons (MT) of rice from its buffer stock once a national food security emergency is declared, the Department of Agriculture (DA) said Wednesday. According to the DA, the NFA plans to release around 3 million […]
Jovee Marie N. de la Cruz. RICE importers remained under scrutiny as the House Quinta Committee, also known as the Murang Pagkain Super-Comm, continued its investigation into their role in sustaining high rice prices despite a reported landed cost of P36 per kilo. During Tuesday’s hearing of the joint panel, chaired by Albay Rep. Jose […]
By GMA Integrated News. The Department of Agriculture (DA) urged the public to report overpriced rice amid the looming declaration of a food security emergency. “Reminder, we have #DABantayPresyo. If you notice unusually high prices, take a picture and send it using that hashtag,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement on […]
Manila (Agenzia Fides) – In an effort to curb the rise in rice prices, the Manila government has set a limit of 58 pesos per kilogram for imported rice, after carrying out “extensive consultations” with importers, retailers and government agencies. The measure, which came into effect on January 20, provides for a gradual reduction in […]
By Manila Standard AGAP Partylist Representative Nicanor ‘Nikki’ Briones has called on President Ferdinand Marcos Jr. to prioritize the issue of high rice prices and establish a national council to effectively address smuggling, hoarding, and profiteering. Briones expressed concern that the public has not felt the impact of the government’s measures to lower local rice […]
By: Jordeene B. Lagare MANILA, Philippines — The National Food Authority (NFA) is seeking an additional budget of P9 billion this year to cover the additional cost of increasing its buffer stock, as mandated by the amended Rice Tariffication Law. Republic Act No. 12078, the amended RTL signed by President Ferdinand Marcos Jr. last December, […]
By: Dianne Sampang. MANILA, Philippines — The Department of Agriculture (DA) is eyeing the country’s major retail chains to distribute affordable rice nationwide, emphasizing their crucial role in reaching many consumers. A statement on Thursday said that DA Secretary Francisco Tiu Laurel Jr. met with representatives of major retail chains on Tuesday to discuss the […]
STILL-ELEVATED rice prices could stoke inflation and threaten the Bangko Sentral ng Pilipinas’ (BSP) pace of monetary easing, GlobalSource Partners said. “Such a precarious rice situation does not promise bright prospects for domestic inflation,” GlobalSource Partners Country Analyst Diwa C. Guinigundo said in a report. “Given the inflationary impact of an expected weakening of the […]
The National Food Authority (NFA) will need to secure additional funding to cover the increase in the national rice buffer stock mandated under the amended Rice Tariffication Law. NFA Administrator Larry Lacson explained that a new provision in Republic Act 12078, signed into law by President Ferdinand Marcos Jr. last month, now requires the government […]
