Pangilinan pressed the alarm button Tuesday following reports that palay
prices fell to as low as P7 per kilogram in some areas and prodded the Duterte administration to 'act as equalizer.'
CITY OF SAN FERNANDO, Pampanga, Philippines - While rice farmers struggle to recover their production costs due to low selling price of palay
(unhusked rice), traders are buying darak (rice bran) at a much higher price.
Buying stations of the National Food Authority (NFA) in Negros Occidental are open to purchasing locally-produced palay
at a higher price amid the prevailing low buying-price offered by traders.
price not an exaggeration' !-- -- (Philstar.com) - September 3, 2019 - 7:42pm MANILA, Philippines Complaints from farmers' groups that the prices of palay
(unhusked rice) have fallen to as low as P8 per kilo since the enactment of a law allowing unrestricted importation of rice were not exaggerated, former Agrarian Reform SecretaryRafael Mariano said Tuesday.
Farm losses as a result of the drop in palay
prices are estimated to have already reached P40 billion within the first half of the year, but things could get worse for rice farmers in the next five months.
The provincial local government units (LGUs) of the country's six top rice-producing provinces have allotted P1.6 billion to purchase palay
from farmers to help them cope with the falling prices of the crop.
The Department of Agriculture (DA) will be implementing more interventions to help rice farmers affected by a decline in palay
LGUs allot P1.6 B to buy palay
from local farmers !-- -- Louise Maureen Simeon (The Philippine Star) - September 4, 2019 - 12:00am MANILA, Philippines Six rice-producing provinces in the country have earmarked P1.6 billion for the acquisition of palay
(unhusked rice) from farmers.
Like the 1995-1996 Agricultural Tariffication law, the rice tariffication law was justified based on simplistic assumptions and optimistic projections-rice import liberalization would benefit consumers in terms of lower rice prices, and yet, the palay
producers would also benefit because incomes would rise because of stable prices and higher productivity under a so-called Rice Competitiveness Enhancement Program (RCEP).
As of July 25, the NFA has bought 271,852 bags of palay
, overshooting procurement target of 159,540 bags by 170 percent for the month.