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)...
The Indian government has awarded to the Philippines its “highest allocation of rice export,” its embassy in Manila said on Wednesday, Oct. 18. (Photo from Indian Ambassador Shambhu Kumaran's X page) In an email to the Manila Bulletin, Indian Embassy’s Press, Information and Culture (PIC)...
The Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) has proposed the extension of lower tariff rates on essential commodities until Dec. 31, 2024, the National Economic and Development Authority (NEDA). NEDA Secretary Arsenio M. Balisacan said that the committee's recommendation...
As Christmas approaches, President Ferdinand "Bongbong" Marcos Jr. assured the public that the country has enough rice supply for the Holiday season as he inspected a warehouse of the National Food Authority (NFA) in Valenzuela on Saturday, December 17. President Ferdinand 'Bongbong' Marcos Jr....
BOC collection from rice imports up 22% in 2021 By CHINO S. LEYCO Government collection of duties from imported rice jumped 22 percent to P18.9 billion in 2021, but it incurred foregone revenues on pork tariff cuts, the Department of Finance (DOF) said. Citing reports from the Bureau of Customs,...
The country’s rice imports will end up higher than earlier expected at 2.6 million metric tons (MT), making the country still one of the top rice importers in the world. Based on the latest report of the United States Department of Agriculture's (USDA) Foreign Agricultural Service (FAS), the...
Local farmers will continue to suffer from low palay prices due to typhoons and continuous entry of cheaper, imported rice.
“Palay prices are expected to remain low in the coming weeks with the cumulative effects of typhoons and importation even during the harvest season,
Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
The Philippines is seen importing more rice in the coming months amid expectations of improving economic conditions despite the prolonged pandemic. 34306 In the updated forecast of US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) here in Manila (Post), the Philippines rice...
The Philippines’ rice inventory fell in August after stocks in households, commercial, and the National Food Authority (NFA) warehouses all recorded decline in supply. Latest data from the Philippine Statistics Authority (PSA) showed that as of August, the country's rice stocks inventory was...
The Federation of Free Farmers (FFF) has questioned the plan of the Philippine government to ban the entry of rice imports during harvest season, a move that will supposedly serve as a compromise to Malacañang’s latest move to temporarily slash tariff on imported rice from non-ASEAN countries....
The government intends to halt rice importation during the local harvest season to help protect farmers, according to a Palace official. (File photo/Keith Bacongco/Manila Bulletin) Presidential spokesman Harry Roque explained that rice importation will only be carried out after the domestic harvest...
