The average price of regular milled rice fell 20 percent year-on-year to P40.66 per kilo in the first half of August, potentially easing overall inflation if the downtrend holds through month-end.
Farm gate prices of palay have begun to rise in nearly half of the country’s key rice-producing regions, just a week after President Ferdinand Marcos Jr. announced a two-month suspension of rice imports starting September 1.
Agriculture Secretary Francisco P. Tiu Laurel Jr. issued a call for creativity and unity within the Department of Agriculture as it faces critical scrutiny over its 2026 budget and proposed legislative reforms in Congress.
A Korea-funded cold storage and seafood distribution hub launched in El Nido, Palawan, this week—marking a major policy-driven initiative to enhance fisheries, support local cooperatives, and strengthen climate-resilient livelihoods in coastal communities.
The Department of Agriculture (DA) on Thursday announced that the maximum suggested retail price (MSRP) for imported rice will remain in effect during the planned two-month rice import suspension beginning September 1.