The agriculture sector is grappling with significant losses following the combined effects of a shear line, the intertropical convergence zone (ITCZ), and the northeast monsoon, which have caused damage valued at P67.68 million.
Global rice prices continued to soften in the first ten trading days of 2025, as prices in Vietnam, the Philippines' primary source of the food staple, fell significantly compared to December levels.
The recent government move to set a P58 per kg maximum suggested retail price (MSRP) for imported rice, effective 20 January, has been met with cautious optimism by local stakeholders.
Agriculture Secretary Francisco P. Tiu Laurel Jr. on Friday said that the maximum suggested retail price (MSRP) for imported rice will be set at P58 per kilo, starting January 20.
The Philippine Department of Agriculture (DA) has celebrated significant milestones in 2024, driven by its network of agricultural attaches stationed across key global markets.