Agriculture

Newly-appointed Agriculture Secretary Francisco Tiu Laurel, Jr. on Monday said his priority is to increase food production and modernize agriculture to make a bigger contributor to the domestic economy and a major job generator.

Whole Foods Market, a US-based multinational supermarket chain, has released its food trends forecast for 2024, predicting the rise in popularity of caffeine with added benefits, use of cacao pulp, water stewardship, and complex heat from peppers, among others.

Korean and Philippine state agencies and corporations recently started construction on a new rice seed processing facility and warehouse with cold storage, marking a significant step in strengthening bilateral ties. 

India has cut the floor price for basmati rice exports to $950 per metric ton from $1,200, a government source told Reuters on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments.

Local producers urge TC to no longer extend MFN tariff cuts beyond 2023. MFNs are essentially pledges to extend preferential tax and duty treatment on services or goods exports of partner countries.