As expected, the Philippines and Vietnam signed a five-year agreement on rice trade during President Marcos's state visit. President Ferdinand 'Bongbong' Marcos Jr. and Vietnamese President Vo Van Thuong (Photo courtesy of PPA/KJ Rosales) The Memorandum of Understanding (MOU) on Rice Trade...
The government does not see another implementation of a price ceiling on rice this year as it bids to increase the country’s farm output to tame inflation, Finance Secretary Ralph G. Recto said Wednesday. Recto, however, also acknowledged the possibility of supply disruptions due to external...
The country’s rice inventory significantly declined a quarter in December, but the government assured sufficient supply that will last until the next harvest season. A report from the Philippine Statistics Authority showed that the rice stock dropped 25 percent to 1.90 million metric tons (MT)...
Despite being an agricultural country, the Philippines will remain as the top global rice importer this year, as projected by the US Department of Agriculture (USDA). A Rice Outlook released by USDA's Economic Research Service stated it was projecting that the Philippines would import around...
The price of well-milled rice slightly increased during the first week of January amid the dry spell forecast this year, based on the data from the Philippine Statistics Authority (PSA). According to the PSA report, a kilogram of well-milled rice cost P55.5 from January 1 to 5, which is higher than...
There is a sufficient rice supply in the country based on the inventories made in December and January, Agriculture Secretary Francisco Laurel Jr. said. DA Secretary Francisco Tiu Laurel Jr. (RTVM Screenshot) Laurel made an assurance that the country's rice stock is "healthy" based on the recent...
President Marcos is expected to sign a memorandum of agreement (MOA) with Vietnam to ensure the unimpeded supply of rice to the country during his state visit there later this month, Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. said on Tuesday, Jan. 16. President Ferdinand...
The Department of Agriculture (DA) mandated alternative wet and dry technology on rice cultivation, among other ways to resolve the incoming effects of El Niño on rice production. In a statement, the DA reported that the agency held cluster meetings for the Masagana Rice Industry Development...
The Philippines is more likely to have a lower inflation rate this year driven by a possible decline in crude oil prices despite an increase in rice prices, an economist said. Victor A. Abola, an economist from the University of the Asia and the Pacific, said in a briefing that inflation in 2024...
The Department of Agriculture (DA) has turned down proposals to introduce a suggested retail price (SRP) for agricultural products, specifically rice. Agriculture Secretary Francisco Tiu Laurel, Jr. said on Thursday, Jan. 11, that the agency is not considering the proposed imposition of SRP owing...
AGRI Party-list Rep. Wilbert T. Lee on Tuesday, January 9, expressed confidence that President Marcos’ promise of ensuring a lower price of rice at P20 per kilo is still doable especially this year 2024. In renewing his push for the passage of House Bill No. 9020 or the “Cheaper Rice...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez says he won't think twice about recommending another rice price cap to President Marcos should the situation need it. “We will continue to monitor the prices of rice...
