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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 ...
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 deal comes amid soaring rice prices in the Philippines, buoying inflation at a time of rising fuel prices, although the government says local supply of the grain is ample. News of the deal ...
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 ...
Between 2006 and 2008 average world prices for rice rose by 217%, wheat by 136%, corn by 125% and soybeans by 107%. [13] In late April 2008 rice prices hit 24 cents (US) per US pound, more than doubling the price in just seven months.
Golden rice is a variety of rice (Oryza sativa) produced through genetic engineering to biosynthesize beta-carotene, a precursor of vitamin A, in the edible parts of the rice. [ 1 ] [ 2 ] It is intended to produce a fortified food to be grown and consumed in areas with a shortage of dietary vitamin A .
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 highlights of its short-lived success happened when the Philippines finally attained self-sufficiency in 1975–1976, and was able to export rice to its neighbors in Asia in 1977–1978. But costly subsidies and failure of many farmers-borrowers to repay the loans led to the program benefiting only 3.7% of the country's small rice farmers ...