Agriculture
Palay prices fall in January as global prices ease
Palay prices saw a sharp decline in January as global rice prices continued to ease, driven by increased supply and an expected boost in harvests this year due to improved weather conditions.
DA bans FMD-susceptible animal products from Germany
The Department of Agriculture (DA) has issued a temporary ban on the importation of animal products from Germany. This action follows a report from Germany’s Directorate of Animal Health, confirming cases of the foot-and-mouth disease in domestic buffaloes in Brandenburg.
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.
