By: Jordeene B. Lagare Recent typhoons have impacted local food production, with the Philippine Statistics Authority (PSA) reporting a drop in palay (unhusked rice) output in the third quarter. Palay production from July to September is estimated at 3.35 million metric tons, an 11.9 percent decrease from last year’s 3.8 million metric tons. The volume […]
By: Jordeene B. Lagare The Philippines is expected to import more rice this year and next, remaining as the world’s top importer of this staple food as the El Niño, La Niña and recent typhoons have curbed local production. In its latest Grain: World Markets and Trade report, the US Department of Agriculture’s Foreign Agricultural […]
Lady Vicencio, ABS-CBN News MANILA — The price of well-milled rice sold under the Rice-For-All Program will decrease to P43 from P45 per kilo, the Department of Agriculture (DA) announced on Thursday. Selling of rice at P43 per kilo under the program will start on Friday in Kadiwa sa Pangulo sites in Luzon. DA Spokesperson […]
PNA MANILA – The retail prices of rice are expected to decline by as much as PHP5 to PHP7 at the onset of 2025 with the anticipated signing of amendments to the Rice Tariffication Law (RTL) by President Ferdinand R. Marcos Jr., a lawmaker said on Thursday. Camarines Sur Rep. Luis Raymund Villafuerte Jr. said […]
MANILA, PHILIPPINES — Damage from successive typhoons and reduced harvested area are expected to bring down production of milled rice in the Philippines, while imports will increase to make up the difference for the country’s staple food grain, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA). […]
By Malavika Kaur Makol and Karl Lester M. Yap (Bloomberg) — Philippine sovereign bonds are seen extending gains as falling rice prices cool inflation and back the case for more interest-rate cuts. Inflation in the country slowed to a four-year low in September before India eased restrictions on rice exports. HSBC Holdings Plc expects the […]
PNA MANILA – The Philippine Center for Postharvest Development and Mechanization (PHilMech) on Tuesday said the proposed PHP9-billion annual allocation for the mechanization program under the Rice Competitiveness Enhancement Fund (RCEF) will help boost local rice yield. PHilMech expressed support for the proposed annual fund for the distribution of various agricultural equipment, either in-kind or […]
Pia Gutierrez, ABS-CBN News. MANILA (UPDATE) – The National Food Authority is hiking the price of the rice it sells to P38 per kilo from just P25 a kilo. The NFA Council earlier approved the P13 increase in the price of NFA rice per kilo as part of efforts to minimize the agency’s losses in […]
Arthur Fuentes, Benise Balaoing, ABS-CBN News MANILA (UPDATE) — The Philippines’ headline inflation further eased to 1.9 percent in September amid slower increases in rice prices, the state statistics authority said Friday. September’s inflation rate was lower than the 3.3 percent seen in August and was the lowest since May 2020 when the inflation rate […]
By TED CORDERO, GMA Integrated News The Department of Agriculture’s (DA) proposal to have a buffer fund it can use to procure rice and other critical agricultural commodities for stockpiling, which it can later dispose of and sell at lower prices in case of supply shortage or to counter price manipulation, has been approved in […]
