The Philippine Rice Research Institute (Philippine Rice Research Institute) is urging rice farmers to adopt practical cost-saving measures as rising global prices of farm inputs continue to increase production expenses during the wet season planting period.
The Department of Agriculture (DA) said strong buying activity from private traders has pushed palay prices higher, limiting the National Food Authority’s (NFA) ability to buy rice stocks from farmers.
The Department of Agriculture (DA) has warned rice retailers, traders, and importers that violating the government’s newly imposed price ceiling on imported rice could lead to jail time, hefty fines, and even business closures under the Price Act.
A global alliance of scientists is stepping up efforts to save rice crops from worsening climate threats as rising heat, drought, and salinity place one of the world’s most important food staples under growing pressure.
The Philippines, with support from the World Bank and the United Kingdom, has launched a $1-billion agriculture transformation program aimed at modernizing farming, improving food security, and helping farmers adapt to climate change.