In order to secure the target quantity for the rice buffer stock by 2025, the National Food Authority (NFA) has sought a budget of P16.3 billion next year. The Department of Agriculture (DA) recently proposed P24.85 billion to NFA, which is 77 percent higher than this year’s allocation of P14.03...
The Philippine Statistics Authority (PSA) reported that the volume of palay or rice production increased by five percent to 5.23 million metric tons in the first three months of the year. The PSA report also showed that the farmgate price of palay was observed at P24.06 per kilogram, up by 6.7...
The Department of Agriculture (DA) and the National Food Authority (NFA) recently announced price adjustment for palay to boost farmer competitiveness. Agriculture Assistant Secretary and Spokesperson Arnel de Mesa said on Thursday, April 11, that the new buying price will range from P23 to...
An economist has cast doubt on the possibility of rice prices falling to P20 per kilo, citing the disruptive effects of persistent extreme weather events like El Niño on agricultural yields as factors that make such a price reduction improbable. Carlos Manapat, chair of the economics department at...
Dinorado, sinandomeng, and other varieties in the market may soon have a healthier form as the International Rice Research Institute (IRRI) is developing a new rice variant that could lower the risk of developing diabetes, as well as lessen the demand for unlimited rice strategies in food...
The farmgate prices of unmilled rice or palay averaged P21.96 per kilo in November, an increase of 26.6 percent from P17.35 per kilo in the same month a year ago. The Philippine Statistics Authority (PSA) said in a report that all regions registered year-on-year growth rates in average farmgate...
The farmgate price of palay or rice per kilogram swelled in November this year, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA data, the average farmgate price of palay increased to 26.6 percent during the month. This translates to P21.96 per kilogram of palay, which...
The farmgate price of palay or rice per kilogram picked up at a faster pace in October this year, data from the Philippine Statistics Authority (PSA) showed. PSA reported that the average farmgate price of palay in the country rose by 18.1 percent to P20.60 per kilogram in October from P17.44...
The average cost to produce palay, or unmilled rice, rose to P54,373 in 2022 per hectare, according to the Philippine Statistics Authority (PSA). Among the regions, the PSA said that the highest average cost was recorded in Cagayan Valley at P69,537, while the lowest was observed in Eastern Visayas...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez has hailed President Marcos' move of raising the farm gate or buying price of palay (unhusked rice), saying it shows...
President Marcos announced that the National Food Authority (NFA) Council had set a new price range for buying palay in response to the changing production and market conditions. File photo Marcos said this following his meeting with the NFA Council, which he heads, on Monday, Sept. 18. In a video...
Malacañang is expecting that prices of palay and rice will stabilize as thousands of farmers start to harvest their main season crop this September and October. By the end of this month, the initial palay harvest is expected to reach two million metric tons (MMT), and up to three MMY in October....
