Palay production for the third quarter is projected to rise by 18 percent year-on-year to 3.93 million metric tons, largely driven by a surge in output from rainfed areas, according to the Philippine Statistics Authority (PSA).
The farm gate price of palay continued its downward spiral in July, dragged down by weakening global prices of the grain that have spurred a surge in rice imports.
The cost of producing palay—the unmilled form of rice, the Philippines’ national food staple—exposes deep regional disparities that mirror the effects of geography, infrastructure, and urban sprawl on the country’s agriculture.
The country’s palay and corn production for the second quarter is projected to record double-digit increases, the latest estimates of the Philippine Statistics Authority.
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President Ferdinand Marcos Jr. said Wednesday that government, through the Department of Agriculture, is looking at imposing a floor price for palay to ensure farmers profitability and sustain their intention to plant and produce more rice.
The Philippine manufacturing sector is set for a major boost with the launch of Philippine Manufacturing Week 2026, a unified B2B platform combining two major industry gatherings: the Auto Parts and Vehicles Expo Philippines (APVE Expo 2026) and the Philippine Die and Mould Machineries and Equipment Exhibition (PDMEX 2026).
Ayala Malls is repositioning its malls as multi-use community hubs with the launch of Our Common Place, an initiative that transforms retail environments into flexible spaces for work, rest, connection, and social support.