Agriculture
Crops, poultry drive 2Q agriculture growth to 5.7%–PSA
The value of agricultural and fisheries production rose to P437.53 billion in the second quarter, up 5.7 percent from the same period last year, buoyed by stronger crop and poultry output. In contrast, livestock and fisheries production slipped during the April to June period.
DA pushes tariff hike, RTL amendments to shield farmers and stabilize rice market
The Department of Agriculture (DA) on Tuesday said that the proposed increase in rice import tariffs would offer only temporary relief and must be coupled with amendments to the Rice Tariffication Law (RTL) to provide sustainable support for local rice farmers and stabilize prices.
Rice, utilities costs pull down July inflation to 6-year low
Inflation in the Philippines eased to its lowest level in six years in July, driven by falling prices of rice, other food items, and utilities. The headline inflation rate slowed to 0.9 percent, down from 1.4 percent in June, according to the Philippine Statistics Authority (PSA).
Stakeholders back phased rice tariff hike amid sector pressures
Agriculture stakeholders have welcomed the Department of Agriculture’s (DA) recommendation for a phased increase in rice import tariffs, with groups urging swift legislative action to address the sharp decline in palay prices and protect local farmers.
Marcos mulls rice tariff hike, import suspension
The Department of Agriculture has recommended that President Ferdinand Marcos Jr. increase tariffs on imported rice and temporarily suspend rice importation to protect local farmers.
