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The Philippines announced price ceilings for rice on Friday to protect consumers, as the rising cost of the national staple probably caused August inflation to accelerate for the first time in ...
September 1 – The government imposes price ceilings on rice to counter increasing costs and alleged market manipulation, setting the maximum prices for regular-milled and well-milled rice, at ₱41 (US$0.72) and ₱45 ($0.80) per kilogram, respectively. [174]
The Philippines' National Food Authority (Filipino: Pambansang Pangasiwaan ng Pagkain, abbreviated as NFA), is an agency of the Philippine government under the Department of Agriculture responsible for ensuring the food security of the Philippines and the stability of supply and price of rice, the Philippines' staple grain.
The Philippines is the 8th-largest rice producer in the world, accounting for 2.8% of global rice production. [1] The Philippines was also the world's largest rice importer in 2010. [2] [needs update] There are an estimated 2.4 million rice farmers in the Philippines as of 2020. [3]
The two countries also signed a deal on Tuesday for Vietnam to supply the Philippines with 1.5 million to 2 million metric tons (1.6 to 2.2 million U.S. tons) of rice each year at affordable prices.
The Philippines, the world's top rice buyer, is seeking to import another 300,000 tonnes of the staple food to boost state stockpiles while battling the coronavirus pandemic and ahead of its own ...
Lifting the mandated price ceilings on rice under Executive Order No. 39 (s. 2023) October 4, 2023 [42] 43 Adjusting the dividend rate of the Land Bank of the Philippines pursuant to Section 5 of Republic Act No. 7656 October 11, 2023 [43] 44 Establishing the "Walang Gutom 2027: Food Stamp Program" as a flagship program of the National Government
The Philippines is the 8th largest rice producer in the world, accounting for 2.8% of global rice production. [28] The Philippines was also the world's largest rice importer in 2010. [29] In 2010, nearly 15.7 million metric tons of palay (pre-husked rice) were produced. [30] In 2010, palay accounted for 21.86% percent of gross value added in ...