The Philippines’ rice industry has been making significant strides since the enactment of the Rice Tariffication Law (RTL) in 2019, driven by sustained collaboration of the government, farmers, and local authorities, according to the Department of Agriculture (DA). In a statement, the DA said...
The maximum suggested retail price (MSRP) for imported rice, currently set at P58-per-kilo, will gradually decrease with a potential to go as low as P49 in March if global prices remain stable, according to Agriculture Secretary Francisco Tiu Laurel. The DA implemented the MSRP on Monday, Jan. 20,...
Department of Agriculture (DA) Secretary Francisco Tiu Laurel is optimistic that the planned rollout of affordable rice, with prices ranging from P29 to P45 per kilo, in groceries and convenience stores starting Feb. 15 will help influence the market “to be more reasonable.” Laurel told...
The Department of Agriculture (DA) is urging retailers to comply with the maximum suggested retail price (MSRP) of P58 for imported rice, which took effect on Monday, Jan. 20. On Tuesday, officials of the DA and the Department of Trade and Industry (DA) inspected stalls selling rice at the Trabajo...
The Department of Agriculture (DA) said it is eyeing partnerships with the country’s major retail companies to expand the availability of affordable rice nationwide. In a statement on Thursday, Jan. 23, the DA said this initiative aims to stabilize rice prices and provide greater access for...
(File photo / MANILA BULLETIN) National Security Adviser (NSA) Eduardo Año expressed support for the Department of Agriculture’s (DA) planned move to declare a food security emergency by the end of January due to the rising prices of rice. Año said the country’s food security “is a...
The National Food Authority (NFA) announced on Wednesday, Jan. 22, that it requires an additional funding of P9 billion to comply with the law-mandated increase in the national rice buffer stock. NFA Administrator Larry Lacson said the agency is now obligated to maintain a buffer stock equivalent...
Sun Life Investment Management and Trust Corp. (SLIMTC) encourages Filipinos to invest globally to diversify their portfolios and potentially enhance their returns. In a statement, Mikko Vergara, SLIMTC's head of equities and global funds, highlighted the growing importance of global investing in...
Following a sharp decline in palay production last year, the Department of Agriculture (DA) is optimistic that the Philippines will achieve a record-high harvest in 2025. In a statement on Monday, Jan. 20, DA Secretary Francisco Tiu Laurel said this forecast is credited to the directive of...
Akbayan Party-list Rep. Perci Cendaña has called on the government to take action against rice cartels, which according to him are the only ones benefitting from high price of rice even as ordinary Filipinos struggle to make ends meet. Cendaña's call came as the Department of Agriculture (DA)...
The Department of Agriculture (DA) maintained that there is no rice supply shortage in the country despite the recommendation to declare a food security emergency. President Ferdinand 'Bongbong Marcos Jr. (Photos from the Presidential Communications Office) DA spokesperson Assistant...
President Marcos said yesterday that the impending declaration of a food security emergency in the country by the end of the month would be a last resort to bring the price of retail rice down despite government efforts to alleviate the situation. File photo Marcos said this after the Department of...
