The latest price spike is seen in potatoes–DA
AFTER onions, sugar and rice, the potato is now the latest food item to be hit with a price spike, according to latest data from the Department of Agriculture (DA).
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AFTER onions, sugar and rice, the potato is now the latest food item to be hit with a price spike, according to latest data from the Department of Agriculture (DA).
THE Department of Finance (DOF) is mulling over extending the reduced tariff rates on four commodities, which includes rice and pork, to keep the country’s inflation rate in check.
The summer harvest season for rice is almost coming to an end, but the government has not yet given any indication as to what it intends to do about the buffer stock of the National Food Authority (NFA). The President has instructed his men to ditch importation and prioritize the purchase of locally produced palay.
At the end of the day, things boil down to economics. And how a country addresses issues related to economics is a measurement of the boiling point. One of those issues involves non-tariff measures, such as quantitative restriction (QR). No other QR has caught the imagination of the country and fellow members at the Association of Southeast Asian Nations (Asean) than that on rice.
TALAVERA, Nueva Ecija—President Duterte on Wednesday said he is more partial to protecting Filipino farmers, and allow them to supply the rice requirement of the Philippines than import the staple.
The country’s paddy-rice output could decline to below 18 million metric tons (MMT), after the quantitative restriction (QR) on rice is scrapped on June 30, according to a Global Agriculture Information Network (Gain) report.
THE average farm-gate price of unmilled rice sustained its uptrend, reaching P17.85 per kilogram just before 2016 ended, the Philippine Statistics Authority (PSA) said in its latest report.
THE Philippine Competition Commission (PCC) is looking into the rice cartel, long believed to be in existence, but has been relatively unchecked by the government until now, when there appears to be increasing interest among the public to help stop anticompetitive practices of corporations.
AS the lifting of the quantitative restriction (QR) on rice is expected to boost government revenues, the state-owned think tank urged the Duterte administration to set aside P18 billion a year to compensate farmers.
Lifting the quantitative restriction (QR) on rice next year could increase the prices of some processed -meat products, particularly those that make use of imported poultry meat, according to an expert.
Rice is the staple food of Filipinos, and its affordability will always be a paramount concern of any administration. In place of more expensive protein sources like meat and chicken, rice, for the poor, is usually the answer to a grumbling stomach. It is for this reason that the Philippine government has been, for the longest time, fixated on supporting rice production.
The average farm gate price of unmilled rice (palay) continued its downward trend, hitting its lowest price in nine weeks, according to the latest data from the Philippine Statistics Authority (PSA).
VERY few local rice brands today can say with pure honesty that they offer a wide variety of freshly milled home-grown and imported rice varieties that are GMO free, of high quality and consistently available at affordable prices.
The timely arrival of rice imports are expected to help keep food prices stable in the October-to-December period, according to the National Economic and Development Authority (Neda).
The country’s rice self-sufficiency level declined to 88.93 percent in 2015, forcing the Philippines to import more rice to meet domestic demand, according to a report from the Philippine Statistics Authority (PSA).
The country’s ummilled-rice output may have expanded by 16.2 percent to 2.963 million metric tons (MMT) in the third quarter, from 2.55 MMT recorded a year ago, according to the Philippine Statistics Authority (PSA).
The Bureau of Customs (BOC) should file charges of economic sabotage against RPR International Trading, the rice broker that tried to smuggle P20 million worth of rice in the country, according to an agricultural group.
The National Food Authority (NFA) said it has started buying storm-damaged palay in Regions 1, 2 and 3 that were severely affected by Typhoon Karen (international code name Sarika) and Supertyphoon Lawin (international code name Haima).
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