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The Department of Agriculture (DA) and Department of Trade and Industry (DTI) have joined forces to explore “creative ways” to reduce rice prices to more reasonable levels and alleviate the financial burden on Filipino consumers. Agriculture Secretary Francisco Tiu Laurel Jr. said the initial focus would be on imported rice, but stressed that the government’s […]
The “Murang Pagkain” super committee conducted its fifth meeting to discuss the impact of irrigation in the rice supply chain. Super committee lead chairman and Albay Representative Joey Salceda said, “It was established that lowering of tariffs under EO (Executive Order) 62 did not translate – translated to only 50 centavos – to any significant […]
At the third meeting of the ‘Murang Pagkain’ Super Committee, the Department of Agriculture (DA) proposed the restoration of the National Food Authority’s (NFA) power to buy and sell rice at lower prices. DA Secretary Francisco Tiu Laurel Jr. emphasized the need for restoring the NFA’s power to directly intervene in the rice market by […]
Agriculture Secretary Francisco Tiu Laurel, Jr. said that rice prices are projected to start declining in October as a result of the government’s decision to reduce import tariffs. However, the full impact of the tariff cut may be felt in January 2025, Tiu Laurel added. President Ferdinand Marcos, Jr. recently signed Executive Order 62, which […]
National Unity Party (NUP) president LRay Villafuerte has welcomed a new Malacañan Palace order that officially slashed import tariffs on rice, in a move, which, he said will set in motion President Marcos’ goal to pull down eventually the retail cost of this staple to below P30 per kilo. “The recent issuance by the President of […]
AGRI Party-list Rep. Wilbert T. Lee lauded the approval of the proposed amendments to Republic Act No. 11203 or the Rice Tariffication Law (RTL) by the House Committee on Agriculture and Food, but also reiterated the need to purge corrupt officials in the National Food Authority (NFA) to lower the price of rice. Lee, who […]
Speaker Martin Romualdez vowed that the House of Representatives would relentlessly pursue efforts to make rice, the Filipinos’ staple food, available at affordable prices.“Hindi po kami titigil hangga’t hindi naibaba ang presyo ng bigas sa halagang abot-kaya ng ordinaryong mamamayan,” Romualdez said in his keynote message during the Philippine Economic Briefing in Iloilo City organized […]
The Department of Agriculture (DA) assures the public that there is enough affordable supply of rice in the market. According to DA Assistant Secretary and Spokesperson Arnel de Mesa, the country has almost completed the wet season harvest. “We have harvested about 90% of palay across the nation, bought at P22.00 per kilogram,” de Mesa […]
“The government should keep the caps on rice costs as long as these are needed to safeguard consumers against price shocks and counteract potential illegal acts of price manipulation, profiteering and hoarding.” House Minority Leader and 4Ps Party-list Representative Nonoy Libanan said as he urged the government “to do everything it can to insulate consumers, […]
Affordable, stable rice prices are possible if the government is willing to invest to ensure the food security of our country. This according to AGRI Party-list Rep. Wilbert T. Lee who filed a bill to establish a program that will provide subsidies intended to lower rice prices while encouraging farmers to produce more rice. “Sa […]