The Economic Development Group, chaired by Secretary Frederick D. Go, supports extending the Rice Competitiveness Enhancement Fund until 2030 and increasing its annual budget to P15 billion from the current P10 billion.
The Department of Agriculture (DA) on Thursday said a buffer fund of at least P5 billion for the procurement and stockpiling of rice and other agricultural commodities for purposes of stabilizing prices should soon be operational.
The respective budgets of the Department of Agriculture (DA) and National Irrigation Administration (NIA) for 2025 successfully passed plenary deliberations at the House of Representatives, with several lawmakers pledging to further increase fund allocation to boost farm production and enhance farm incomes.
The Department of Agriculture on Tuesday lauded the Philippine Ports Authority and the Bureau of Customs for quickly taking action on imported agricultural products sitting idly for months at the Port of Manila.