Agriculture
DA plans setting P53/kilo SRP for local rice
Agriculture Secretary Francisco P. Tiu Laurel Jr. announced Tuesday that the Department of Agriculture (DA) has reached an agreement with rice industry stakeholders to set a suggested retail price (SRP) of P53 per kilo for local rice, striking a balance between farmers’ profits and consumers’ budgets.
Sugar surplus grows as local demand weakens— PSMA
The Philippine Sugar Millers Association (PSMA) said the country currently has enough refined sugar supply, even as demand for locally produced sugar has weakened.
PhilRice pushes cost-saving farming methods ahead of wet season
The Philippine Rice Research Institute (Philippine Rice Research Institute) is urging rice farmers to adopt practical cost-saving measures as rising global prices of farm inputs continue to increase production expenses during the wet season planting period.
Private traders’ high palay prices limit NFA purchases – DA
The Department of Agriculture (DA) said strong buying activity from private traders has pushed palay prices higher, limiting the National Food Authority’s (NFA) ability to buy rice stocks from farmers.
DA warns rice price cap violators of jail, fines
The Department of Agriculture (DA) has warned rice retailers, traders, and importers that violating the government’s newly imposed price ceiling on imported rice could lead to jail time, hefty fines, and even business closures under the Price Act.
