President Ferdinand Marcos Jr.’s imposition of a cap in the retail price of rice rolled back cost of the grain in Vietnam, posting their biggest price declines last week since the increases following the decision of India to ban export of certain rice varieties in July.
The Department of Agriculture on Thursday boasted of 95 percent compliance by rice retailers to Executive Order 39 capping the price of the staple to a set number.
The Federation of Free Farmers (FFF) on Wednesday said proposals by the National Economic and Development Authority and some business groups to cut the tariff on imported rice as response to the escalating price of the commodity will only depress the price of palay or unmilled rice at farm gates.
Damage to agriculture due to incessant southwest monsoon enhanced by typhoon Goring is initially pegged at P1.07 billion, according to the Department of Agriculture...
Various groups on Sunday appealed for government to put in place a long-term solution instead of price ceilings on rice, saying such structures do more harm than good to consumers and farmers alike.