The Philippines is implementing a temporary ban on molasses importation to protect the local industry from a surge in imports and the sharp decline in millsite prices, according to the Sugar Regulatory Administration (SRA). Under Molasses Order (MO) No. 1, the SRA said it is suspending imports of...
The country’s leading business groups and foreign chambers are urging the Marcos administration’s chief economic manager to defer the implementation of an inter-agency pre-border inspection policy, warning that it may discourage trade to the Philippines. In a March 26 letter addressed to...
Rice importation was not the reason behind the low price of palay in Cagayan, but the local traders, Malacañang said. Palace Press Officer and Communications Undersecretary Claire Castro said that according to Department of Agriculture (DA) Secretary Francisco Tiu Laurel, the low price of palay...
The Department of Agriculture (DA) has approved the importation of 25,000 metric tons (MT) of various fish products, including salmon, sardines, clams, and squid, for the period of March to May. Agriculture Secretary Francisco Tiu Laurel said this directive aims to ensure that there is a stable...
Mayor Abby Binay Makati City Mayor and senatorial aspirant Abby Binay on Thursday, Feb. 20, called on the national government to set a clear-cut policy to stop importing sugar during the harvest season, saying that this is one of the most effective ways to help Filipino farmers and the sugar...
Amid criticisms from farmer groups, Department of Agriculture (DA) Secretary Francisco Tiu Laurel defended the agency’s decision to authorize the importation of 4,000 metric tons (MT) of red and white onions, describing it as a preemptive measure against potential price surges. During a briefing...
The Department of Agriculture (DA) has approved the importation of 4000 metric tons (MT) of red and white onions to prevent a repeat of the 2022 crisis when onions soared as high as ₱700 per kilo. “This importation of 3,000 metric tons of red onions and 1,000 metric tons of white onions is...
Sultan Kudarat 2nd district Rep. Horacio Suansing Jr. stands at the podium on the plenary floor. (Facebook) Sultan Kudarat 2nd district Rep. Horacio Suansing Jr. is prodding the Bureau of Internal Revenue (BIR) and the Philippine Competition...
The Philippines, the world's No. 1 rice importer, would buy an even bigger volume during the current marketing year (MY) after a string of strong typhoons battered farms and slashed harvests, according to the United States Department of Agriculture (USDA). The USDA-Foreign Agricultural Service's...
President Marcos revealed that the country would have to import rice to compensate for the agricultural damages caused by the recent typhoons that hit the country in just three weeks. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this as he led a situation briefing on...
The Philippines is poised to not only remain as the world's No. 1 rice importer for the third-consecutive year but also buy from abroad a new record-high 5.1 million metric tons (MT) during the current marketing period, according to the United States Department of Agriculture (USDA). The...
The Philippines is poised to be the world's top rice importer for the third-straight year as local harvest falls short, according to the United States Department of Agriculture (USDA). The USDA-Foreign Agricultural Service's (FAS) latest "Grain: World Markets and Trade" report on Oct. 11 hiked...
