President Marcos has ordered a 60-day suspension of all rice importation starting Sept. 1 to shield local farmers from falling palay prices during the ongoing harvest season, the Presidential Communications Office (PCO) announced. The President announced the move after consultations with key...
Malacañang disclosed that the Department of Agriculture (DA) has recommended to increase tariffs on imported rice and to temporarily halt rice importation. Presidential Communications Office (PCO) Secretary Dave Gomez said this on Monday, Aug. 4, saying it aims to protect Filipino farmers. He...
The Philippines, the world ’s top rice importer, is expected to purchase a record-high volume of rice in the upcoming marketing year (MY), as the country sees continued growth in consumption, according to the United States Department of Agriculture (USDA). In its latest “Grain: World Markets...
The Philippines is expected to see a decline in rice imports in the upcoming marketing year due to a projected increase in rice production, according to the United States Department of Agriculture (USDA). In a report dated March 28, the USDA’s Foreign Agricultural Service (FAS) in Manila...
The amount of rice brought into the country reached 322,770 metric tons in February this year, higher by 109 percent compared to last year, the Philippine Statistics Authority (PSA) said. Based on the PSA report, the value of rice brought into the country reached $160.09 million during the month....
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,
