By BusinessWorld The Department of Agriculture (DA) is considering extending the ban on rice imports until the end of the year, as farmgate prices of palay or unmilled rice continue to fall. “I met with the President last week and we decided to extend the import ban by a minimum of 30 days,” Agriculture Secretary […]
By Nora L. Molde BUTUAN CITY (PIA) — The government continues to step up on interventions to ensuring food security and price stability through the Department of Agriculture (DA) Caraga and the National Food Authority (NFA), underscoring the benefits of the P20 per kilo rice program and palay procurement from local farmers. During the recent […]
MANILA – Inflation will continue to settle within the lower end of the government’s target despite the projected acceleration in September, an economist said. Rizal Commercial Banking Corporation chief economist Michael Ricafort said inflation likely settled at 2.1 percent in September, higher than the 1.5 percent recorded in August this year. The forecast however is […]
BILYONARYO.COM The Federation of Free Farmers (FFF) has called on the government to reinstate the 35% tariff on rice imports ahead of the lifting of the import ban, as palay prices remain soft. FFF national manager Raul Montemayor said palay traders expect imported rice to flood the market once the import ban is lifted and […]
By Tara Yap ILOILO CITY – The Department of Agriculture (DA) urged rice farmers in the Visayas to explore corn production to beef up the country’s needed supply. “We are looking into corn after rice planting,” said Milo delos Reyes, director of the DA-National Corn Program. “It means, one crop is rice and the other […]
By: Jordeene B. Lagare – Reporter MANILA, Philippines — The government is set to extend the moratorium on rice importation and raise tariffs on imported grains to help stabilize palay (unmilled rice) prices at the peak of harvest season. President Marcos has directed the Department of Agriculture (DA) to prepare the necessary orders to extend […]
Marcos economic team studies impact on inflation of moratorium. By: Ian Nicolas P. Cigaral MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to tread carefully as it approaches the end of its rate-cutting cycle, especially amid fresh policy debates that could cloud the inflation outlook — most notably a proposal to stretch […]
Story by Giselle P. Jordan RICE was a bit more expensive while meat was significantly cheaper in early September, according to data from the Philippine Statistics Authority. Special rice cost P57.06 per kilogram (kg) from Sept. 1-5 compared to P56.87/kg in Aug. 15-17 and P56.65/kg Aug. 1-5. Likewise, well-milled and regular milled rice retailed higher […]
Jasper Emmanuel Arcalas – The Philippine Star MANILA, Philippines — Rice importers will have the leverage to delay purchases and even buy at a bargain once the country’s rice import ban is lifted as global prices remain soft due to a supply glut, the International Rice Research Institute said. In a market brief, IRRI senior […]
Agriculture Secretary Francisco P. Tiu Laurel Jr. said he is inclined to recommend to President Ferdinand Marcos Jr. an extension of the current rice importation moratorium by at least 15 days, citing improvements in local palay prices since the temporary ban was put in place. The rice importation suspension, ordered by President Marcos, covers the […]
