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 […]
Deepa H. Ramakrishnan. With the prices of paddy going down this year as compared to last year, rice millers say this will augur well for consumers. “Wholesale rice prices should go down by ₹3-4 per kilo by February when the milled rice reaches the markets. This should also reflect in retail prices where the decrease […]
With bumper harvest expected this year, paddy prices have dropped in the open market by Rs 200 to Rs 300 per 62kg bag in the state. M S Thanaraj MADURAI: The retail price of fine varieties of rice, which are being sold at Rs 60 to Rs 70 per kg, may come down by at […]
Last week, the government lowered the issue price of rice to be sold to distilleries for making ethanol to ₹22.50/kg, as against the economic cost of ₹39.75/kg, effectively subsidising ₹17.25/kg from public exchequer. By Prabhudatta Mishra. Oil marketing companies this week are expected to float tender under Cycle 3 (C3) for the supply of about […]
Author: DA Press Office The National Price Coordinating Council (NPCC) has approved a resolution urging the Department of Agriculture (DA) to declare a “food security emergency for rice” as prices remain high despite declining global rice costs and tariff reductions ordered by President Ferdinand Marcos Jr. Trade and Industry Secretary Ma. Cristina Roque, NPCC chair, […]
Since December last year, the Department of Agriculture (DA) has been announcing measures to address the stubbornly high prices of rice. As 2024 was about to end, it decided to order the removal of brand labels and “premium” and “special” markings on imported rice, suspecting that some industry players were using these to justify their […]
Author: DA Press Office. The Department of Agriculture (DA) is ramping up efforts to make rice more accessible and affordable for Filipinos by expanding the Rice-for-All program, opening additional KADIWA ng Pangulo kiosks in public markets and train stations, and collaborating with local government units (LGUs) nationwide to distribute rice at fair prices, including the […]
Stating that the government has taken various steps to control the market, the adviser said import of goods has been made easier. There is no way to deny that people are suffering due to the price hike of rice, but there is no Aladdin’s magic lamp to fix the market immediately, said Commerce Adviser Sheikh […]
A fresh spurt in rice price right in the peak harvesting time is unexpected but not ruled out altogether. It may happen if the harvest is very poor and there is no arrangement for supplementing the anticipated shortfall of the staple cereal. But as many as 277 private importers have been given permission to import […]
COLOMBO (News 1st) – The government has announced its decision to set a guaranteed price for rice, with the Ministry of Agriculture confirming that the price will be revealed next week. Currently, a special committee is working to determine the guaranteed price, with the committee being chaired by the Director General of the Agriculture Technology […]
