Business NEWS

The Philippines’ rice inventory as of January this year declined by 12.8 percent year-on-year after both commercial warehouses and state-run grains agency National Food Authority (NFA) ended with lower stocks during the period.

The Department of Agriculture (DA) allocated P161 million of agriculture interventions to rice farmers in Caraga region for CY 2021.

The Philippines’ Tariff Commission (TC) has set a public hearing on wide ranging product categories totaling 37 tariff lines, including rice, corn, cars, motor vehicle parts, chemicals, and cement imported from Thailand which tariff concessions may be suspended in retaliation to Thailand’s refusal to align the cigarette tax it imposed on Philippine tobacco.

The European Union may steal the Philippines’ title as the biggest rice importer in the world this year as the Southeast Asian nation is bent on achieving higher local palay production amid stricter import permit issuance.

The Department of Agriculture (DA-7) has equipped farmers in Negros Oriental with trainings on production and marketing for cacao, corn, cassava and hybrid rice to enhance their skills and knowledge on new farming technologies for sustainable income and livelihood from agriculture.

Year-Ender

The Department of Agriculture Regional Field Office No. 8 (DA-RFO 8), a report from the DA-RFO 8 has distributed the needed rice seeds and fertilizers to the farmers in Eastern Visayas for this cropping season, a report from the DA-RFO 8, based in this city said.

In an aid to the low price of the palay in the province, Provincial Board Member Albert Rama proposed an ordinance this week prescribing the classification and corresponding minimum buying price.

Rice is one of the most common staples found in Filipino homes everywhere. It serves as a companion for every dish during every meal, and can even be made into desserts, snacks, coffee, and wine. 

Rice farmers are among the most marginalized communities in the country. Not only do they have limited access to the market where they can sell their goods, and when they do, they don’t often receive fair compensation for it. 

Even if a group of farmers in the Philippines said it may take a while for them to recover from Quinta, Rolly, and Ulysses, a foreign agency is convinced that these typhoons that struck the country last month will not have a significant impact on next year’s production.

As a result of the government’s decision to regulate the issuance of import permits on rice, the Philippines will now end the year with slightly lower imports of the staple.

After three strong typhoons, the Philippines’ palay production for this year will no longer reach 20 million metric tons (MT) like what the Department of Agriculture (DA) was originally aiming for.

Three provinces in Western Visayas posted more than 100 percent growth in the third quarter production of palay this year versus the recorded production in the same period in 2019.

The Department of Agriculture (DA) has turned over a newly constructed diversion dam to a group of farmers in Bohol province.

With less than two months left for the year, the Philippines’ 2020 total rice imports so far stood at nearly 2 million metric tons (MT), coming from the usual countries like Vietnam and some unusual ones like China.

The Department of Agriculture (DA-7)-Central Visayas distributed about 10,830 bags of high-quality inbred rice seeds to 12 local government units (LGU) in Negros Oriental and enhanced the Inbred Rice Model Farm established in Lotlotan, Enrique Villanueva town in Siquijor Province.

Puerto Prinsesa City Palawan–The Office of the Provincial Agriculture (OPA) said that rice production in Palawan may be enough until the end of the year and requests that the provincial board lift the temporary rice exportation ban.