Inflation in the Philippines is expected by the Asian Development Bank (ADB) to further ease as reduced import tariffs on staple rice and other food products spill over to domestic retail prices, boosting consumption and overall economic growth. The Manila-based ADB's Asian Development Outlook...
Citing current trends in Southeast Asia, President Marcos expressed optimism that rice prices in the country would ease further. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Malacañang said Marcos made the statement during a sectoral meeting on managing food and...
The Department of Agriculture (DA) is confident that there is adequate supply of holiday food staple, such as onions, pork, chicken, beef, and rice, as the country enters the “ber” months. (MB file photo) Speaking at a media forum held in Quezon City, DA Assistant Secretary Arnel...
(MANILA BULLETIN) Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. is expecting the retail prices of rice to significantly go down by October as the reduction on the tariff rate of the staple food takes full effect. Through Executive...
(Unsplash) Albay 2nd district Rep Joey Salceda has always blamed rice prices for past instances of quickened inflation; that's not the case anymore. "It’s no longer rice, rice, rice. It’s corn," the economist-solon said in a...
(Keith Bacongco/MANILA BULLETIN) Speaker Martin Romualdez on Monday, July 22, said the House of Representatives would continue its efforts to support farmers in a bid to increase rice harvest and make the staple more affordable for Filipinos. Romualdez gave...
ILOILO CITY – The Department of Trade and Industry (DTI) is monitoring rice prices in Western Visayas region following a 15 percent tariff reduction early this month. A RICE stall at La Paz Public Market in Iloilo City. (Tara Yap) Grace Benedicto, chief of the DTI-6 Consumer Protection...
The United States Department of Agriculture (USDA) reported that rice traders in the Philippines have been steadily holding onto their stocks after President Marcos’ move to lower import tariffs. In the Grain and Feed Update report dated July 9, USDA noted that rice traders who brought in their...
The Department of Finance (DOF) has forecasted a potential P5 per kilogram decrease in the average price of rice by August, attributing this drop to reduced import tariffs. Finance Secretary Ralph G. Recto said on Monday, July 8, that by lowering the tariff on imported rice from 35 percent to...
Prices of most agricultural commodities posted a decline during the last week of June, according to a report from the Philippine Statistics Authority (PSA). Based on its national price situationer for the second phase of June, the PSA reported that four agricultural goods declined during the period...
(MANILA BULLETIN) House Speaker Martin Romualdez assured the public Monday, June 24 that the effects of the rice imports tariff slash would soon be felt, possibly before President Marcos' third State of the Nation Address (SONA) on July 22. "We want...
The Philippine Statistics Authority (PSA) reported that rice and corn production is expected to decrease in the third quarter of this year. As of May, palay or rice production is estimated to drop by 8.4 percent to 3.89 million metric tons between April and June from 4.25 million MT in the same...
