Agriculture
DA to cut rice price by P3 a kilo under KADIWA
The Department of Agriculture (DA) will reduce on Wednesday, February 12, rice prices under the KADIWA ng Pangulo’s Rice-for-All (RFA) program.
DA shifts to high-return projects with faster payback periods
In a bid to ensure more efficient use of taxpayer money, Agriculture Secretary Francisco Tiu Laurel Jr. announced the agency's new focus on projects that offer an internal rate of return (IRR) of 12 to 14 percent per year and a payback period of no more than seven years. This approach to budgeting and operations marks a shift towards prioritizing investments that are both bankable and profitable, with non-investment-grade projects to be deprioritized, regardless of their agricultural viability.
Vietnam rice price fall below $400/MT
Global rice prices continued their downward trend, with the cost of 5 percent broken rice from Vietnam—the variety primarily imported by the Philippines—dropping below USD400 per metric ton.
DA approves onion imports to prevent price spikes
Agriculture Secretary Francisco P. Tiu Laurel Jr. confirmed on Thursday the approval of onion imports to safeguard against potential price hikes.
Rice price deflation brings relief to consumers
The Department of Agriculture (DA) on Wednesday expressed optimism that the deflation in rice prices seen in January will continue, thanks to strategic measures the government has taken to stabilize the cost of the staple.
