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DA urges Congress to restore NFA’s rice, corn buying power

The Department of Agriculture (DA) has urged Congress to support its proposal to restore and expand the National Food Authority’s (NFA) powers to directly buy corn and rice from local farmers and cooperatives. Agriculture Secretary Francisco P. Tiu Laurel Jr. said this initiative is embedded in the proposed RICE Act bill filed by House Speaker […]

Philippines rice ban spurs calls for exporter support

SGGP Manila’s surprise 60-day suspension has rattled Vietnam’s rice market, prompting calls for storage aid and debt relief to shield farmers and exporters. The Philippines, Vietnam’s largest rice buyer, has unexpectedly suspended imports for 60 days, sending shockwaves through the market. The move has driven rice prices into a steep decline, left exporters scrambling over […]

Lower rice prices cushion poor as inflation rises in August

Author: DA Press Office Lower rice prices and easing costs for meat, poultry, and fruits—tempered by interventions of the Department of Agriculture as directed by President Ferdinand Marcos Jr.–continued to shield the country’s most vulnerable households from the full impact of rising consumer prices in August, even as headline inflation picked up pace. The Philippine […]

Rice under pressure as Việt Nam tackles Philippine pause

The MoIT requested that the People’s Committees of provinces and cities review and promptly compile information and feedback from the business community regarding any difficulties or obstacles arising, in order to report and propose appropriate solutions. HÀ NỘI — With the Philippines hitting pause on imports of Vietnamese rice for 60 days from September 1, […]

Rice importers expected to pass on costs if ordered to maintain reserves

THE Department of Agriculture’s (DA) proposal to require private importers to share the responsibility of maintaining the country’s rice reserves could send retail prices higher, a farmers’ group warned. Federation of Free Farmers National Manager Raul Q. Montemayor said importers will likely charge consumers for the expense of maintaining extra inventory. “If importers shoulder the […]

Rice imports to Philippines banned until October 30

Source: Зерно Он-Лайн Philippine President Ferdinand Marcos Jr. has ordered the suspension of imports of milled and polished rice for 60 days, Inquirer.net reported. Pursuant to Executive Order No. 93 issued on August 30 and signed by Executive Secretary Lucas Bersamin on August 29, rice imports will be suspended from September 1 to October 30, […]

India boosts rice exports to largest importer of world Philippines

India exported agricultural products worth $413 million to the Philippines in 2024. By PTI India is pushing rice exports to the world’s largest importer of the commodity — the Philippines — and to tap the opportunity, a large delegation of leading exporters will visit the Southeast Asian nation next month, an official said. The Philippines […]

India pushes rice exports to Philippines, world’s largest importer of the grain

Synopsis India is aggressively pursuing rice export opportunities in the Philippines, the world’s largest rice importer, aiming to significantly increase its market share. A delegation of Indian exporters will visit the Philippines in September to explore potential for rice, vegetables, groundnut, and meat exports. The Philippines’ food importers will also attend trade events in India […]

Asia rice: Vietnam rates hit near eight-month peak as supply tightens

Reuters BENGALURU, HANOI, MUMBAI, BANGKOK AND DHAKA: Vietnam’s rice export prices hit an eight-month high this week as supplies tightened, while Indian prices held steady and Thai prices declined due to surplus stocks, with demand stable across regions. Vietnam’s 5 percent broken rice was offered at USD455-USD460 per metric ton on Thursday, its highest level […]