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March inflation may pick up amid high food prices

Inflation likely accelerated for the second straight month in March, mainly driven by high rice prices, prompting the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged at its next policy review in April, analysts said......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Vietnam s Q1 rice export up 42 pct in value

HANOI, April 10 (Xinhua) -- Vietnam exported over 2.1 million tons of rice, up 42 percent year-on-year in value, in the first quarter of this year, VnExpress reported Wednesday, citing the Ministry of Agriculture and Rural Development. The country earned 1.4 billion U.S. dollars from exporting rice during the cited period, said the report. The Philippines was the biggest importer of Vietnamese rice, accou.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

Coming soon: Rice for diabetics

Filipino rice lovers may soon need not worry about their blood sugar level spiking when eating the staple as scientists at the International Rice Research Institute (IRRI) are advancing well with its ultra-low glycemic index (GI) rice......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

The pests that are toxic politics and rice tariffication

Duterte back in 2019 promised us of cheaper rice with his Rice Tariffication Law. The Marcos-Duterte Uni-Team in 2022 promised to lower the price of rice to P20 per kilo. These promises clearly remained as promises......»»

Category: newsSource:  davaotodayRelated NewsMar 5th, 2024

Philippines, IRRI ink MOU to boost rice output

MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2024

Philippines, IRRI ink MOU to boost rice output

MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 20th, 2024

P93B post-harvest facilities needed to stop rice, corn wastage

MANILA, Philippines – A total of P93 billion is required to establish adequate post-harvest facilities to prevent the wastage of corn and rice, according to Agriculture Secretary Francisco Tiu Laurel Jr. on Tuesday. Laurel said around 12.7 to 15 percent of rice production is lost due to the lack of post-harvest facilities. “Sa rice and.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2024

Consumer groups lament unprecedented rice inflation

The Rice Liberalization Law has been in place for five years. Still, market prices have yet to drop to P25 per kilo, affecting farmers and consumers. The post Consumer groups lament unprecedented rice inflation appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsFeb 29th, 2024

Philippines struggles to lower rice price despite ample supply

MANILA, Feb. 16 (Xinhua) -- The Philippines continues to struggle to lower the price of rice despite an ample supply of the national staple, a Philippine agriculture official said Friday. Agriculture Undersecretary Roger Navarro said the Philippines has enough rice supply due to a bumper harvest last year and additional importation in January. "But it's difficult to reduce prices since the cost of the gra.....»»

Category: sportsSource:  abscbnRelated NewsFeb 17th, 2024

Philippines struggles to lower rice price despite ample supply

MANILA, Feb. 16 (Xinhua) -- The Philippines continues to struggle to lower the price of rice despite an ample supply of the national staple, a Philippine agriculture official said Friday. Agriculture Undersecretary Roger Navarro said the Philippines has enough rice supply due to a bumper harvest last year and additional importation in January. "But it's difficult to reduce prices since the cost of the gra.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

EDITORIAL - NFA housecleaning

With rice retailed at P20 per kilo still stuck in the realm of aspiration, a scandal has erupted in the National Food Authority, which is tasked to maintain a rice buffer stock for the country by buying from local farmers......»»

Category: newsSource:  philstarRelated NewsMar 9th, 2024

‘NFA lost P112 million after rice sale to traders’

The National Food Authority has incurred losses of at least P112 million after the sale of 150,000 bags of rice at only P25 per kilo to some traders, according to a farmers’ group......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

Private traders to also face probe over NFA rice

The Department of Agriculture is ready to face the planned Senate investigation into the alleged anomalous sale of rice to traders by the National Food Authority......»»

Category: newsSource:  philstarRelated NewsMar 6th, 2024

Philippines suspends over 130 officials over rice sale scandal

MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»

Category: sportsSource:  abscbnRelated NewsMar 4th, 2024

Philippines suspends over 130 officials over rice sale scandal

MANILA, March 4 (Xinhua) -- The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stock, Philippine Agriculture Secretary Francisco Tiu Laurel said Monday. Laurel said the order started Monday while an investigation is underway to see if the accusations are true......»»

Category: sportsSource:  abscbnRelated NewsMar 4th, 2024

Ombudsman suspends NFA execs amid cheap rice sale probe

Agriculture Secretary Francisco Laurel said that the Department of Agriculture has implemented the Ombudsman's preventive suspension order for the officials allegedly involved in the “improper” sale of rice buffer stocks......»»

Category: newsSource:  philstarRelated NewsMar 4th, 2024

‘Palay, rice prices to decline as harvest season peaks’

Palay and rice prices are expected to continue going down with the peak harvest season, according to farmers’ group Federation of Free Farmers......»»

Category: newsSource:  philstarRelated NewsMar 10th, 2024

Bicol rice retail prices hit P75/kilo

Retail prices of rice in Bicol have reached P75 per kilo, according to watchdog group Bantay Bigas......»»

Category: newsSource:  philstarRelated NewsJan 25th, 2024

Group warns of worse hunger as rice prices spike

The watchdog group Bantay Bigas over the weekend warned of an increase in hunger incidence in the country amid the continued spike in retail prices of rice......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Potemkin

The Department of Agriculture announced that suggested retail prices on rice will be issued next week. At first blush, this seems to be another dubious “solution” to spiking rice prices from the same minds that brought us price caps last year......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024