DA selling NFA stocks to public at P35/Kilo
The Department of Agriculture has decided to price the National Food Authority rice stocks it will sell to the public under the declared food security emergency at P35 a kilo. NFA said it plans to release 150,000 metric tons over six months if the emergency persists that long. The National Price Coordinating Council resolution that urged the DA to declare the food security emergency envisages rice price to approximate the July 2023 level, which was P45 a kilo for well-milled rice.
US stocks lower amid trade war concerns
US stocks closed lower on Monday amid growing concerns over the impact of President Donald Trump’s decision to raise tariffs on goods from major trading partners—Canada, China, and Mexico. However, market losses were not as severe as initially expected after Mexico announced it had negotiated a one-month delay on the tariff imposition.
Alsons secures SEC clearance for P3B commercial paper program
Alsons Consolidated Resources Inc. has received approval from the Securities and Exchange Commission (SEC) to launch its P3 billion commercial paper program, according to a disclosure filed with the Philippine Stock Exchange (PSE). The SEC clearance allows Alsons to issue the first tranche of the program, with a base offer of P1.2 billion and an oversubscription option of up to P400 million.
DA declares food security emergency over high rice prices
The Department of Agriculture (DA) declared a food security emergency on Monday that allowed the National Food Authority (NFA) to release buffer stocks for public sale. The declaration, signed by DA Secretary Francisco Tiu Laurel Jr., comes in the wake of persistent price increases that have not aligned with global market trends or previous tariff reductions.
PhilRice unveils nutrient-packed rice bran yogurt
The Philippine Rice Research Institute (PhilRice) has introduced a new innovation in the form of rice bran-infused yogurt, designed to boost nutritional value. Developed by food technologist Dr. Henry Corpuz and his team, this yogurt incorporates fermented pigmented rice bran from red and black rice, which is rich in antioxidants, phenolic compounds, and vitamin E. These nutrients help reduce inflammation, protect tissues, and combat oxidative stress.
