Agriculture Secretary Francisco P. Tiu Laurel Jr. said Monday that President Ferdinand Marcos Jr. is poised to issue an executive order for emergency government procurement of palay, aiming to stabilize prices triggered by adverse weather and a bumper harvest—factors that have blunted the impact of the two‑month rice import ban.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has directed all regional offices of the Department of Agriculture (DA), along with the Philippine Crop Insurance Corp. (PCIC), to fast-track damage verification and loss assessment in areas affected by recent tropical cyclones and the southwest monsoon (Habagat). The goal is to speed up the distribution of assistance to thousands of affected farmers and fisherfolk.
Key stakeholders from across the country recently gathered at The National Agri-Fishery Investment Forum to align national strategies with local priorities and accelerate investments in the agriculture and fisheries sector.
President Ferdinand Marcos Jr. is moving to tighten the country’s rice import policy by extending the current two-month import suspension and raising tariffs on foreign rice, in a bid to stabilize palay prices and protect Filipino farmers during the peak of the harvest season.
The Department of Agriculture (DA) has formally turned over a ₱70.2-million rice processing facility to farmers in Naujan, Oriental Mindoro, a key rice-producing town.