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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 ...
Global rice prices surged to 15-year highs after India, which accounts for more than 40% of global trade, ordered a halt in July to its largest category of exports, in a bid to calm domestic prices.
By 2021, rice production (palay) in the Philippines reached 20.0 million metric tons (MMT), a 3.5% increase from 2020, despite rice imports rising to 2.9 MMT. The RTL has significantly influenced the management of inflation in the rice sector since its implementation and serves as an approach for potential reforms in the agricultural sector of ...
The 2008 global rice crisis occurred between January and May 2008, the international trading price of rice jumped dramatically, increasing more than 300% (from USD $300 to $1,200 per ton) in just four months. [1] By December 2008, prices had decreased substantially, if not returned to previous levels, marking an end to the crisis.
"The Philippines population grows 1.5% annually, driving up its demand for rice, while domestic supplies haven't been able to match, and therefore (it) has to increase imports," Laurel said at a ...
Masagana 99 was an agricultural program of then Philippine President Ferdinand Marcos to increase rice production among Filipino farmers. The program was launched in 1973 at a time the country was experiencing a rice supply shortage. By promoting high yield varieties, chemical fertilizers, and herbicides, [ 1 ] the program initially allowed the ...
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 ...
The International Rice Research Institute (IRRI) is an international agricultural research and training organization with its headquarters in Los Baños, Laguna, in the Philippines, and offices in seventeen countries. [3][4] IRRI is known for its work in developing rice varieties that contributed to the Green Revolution in the 1960s which ...