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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.
MCX currently has 84 registered members throughout the Philippines. MCX provides a platform for trading of commodities, futures contracts and options contracts on various base metals, agriculture commodities, energy, and currencies. The monthly volume on all contracts is around US$12.6 million. Defunct 20 years ago.
Production (and consumption) of agricultural plant commodities has a diverse geographical distribution. Along with climate and corresponding types of vegetation , the economy of a nation also influences the level of agricultural production.
The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name ) other than price.
There are limited government initiatives to subsidize fuel to up to PhP 3,000. [35] [36] Other fishing supplies take up a further proportion of income. [14]: 45 The government has developed specific plans to try and address fisherfolk poverty, including programs aimed at providing alternative livelihoods and improving fisheries management. [37]
After World War II, President Manuel Roxas issued Executive Order (EO) No. 94 on October 4, 1947, creating the Department of Commerce and Industry (DCI). [4] Cornelio Balmaceda, a much sought-after professor of economics and director of the Bureau of Commerce (BOC), was appointed acting secretary of the newly created Department of Commerce and Industry.
The Bureau of Agriculture grew rapidly until it was abolished by the enactment of Act No. 2666, otherwise known as An Act to Re-organize the Executive Department of the Government of the Philippine Islands, on November 18, 1916, and was implemented on January 1, 1917.