Thursday, June 23, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

DA warns of big rice shortfall

Manila StandardbyManila Standard
May 22, 2022, 2:00 am
in News, Top Stories
Reading Time: 4 mins read
A A
273
SHARES
Share on FacebookShare on TwitterShare on Email

Says incoming government needs P40 billion to avert the impending grain crisis

top official of the Department of Agriculture said the incoming administration needs to earmark as much as P40 billion to avert an impending supply shortage of rice as he warned the country is facing not just a food crisis but a global food catastrophe.

“The food crisis might be felt towards the end of the year…We are giving a warning to the next administration, we do not know if the supply of rice in the second half of the year will be enough… If we do not give aid to farmers for fertilizer there might be a problem,” said Agriculture Undersecretary Fermin Adriano in a radio interview Saturday.

“World leaders are discussing that this is not only a looming food crisis but a food catastrophe,” he said, pointing to the supply disruption triggered by Russia’s invasion of Ukraine.

Adriano said that there might be a contraction of 1.1 million metric tons in palay output.

“We will need around P30 billion to P40 billion to ensure that the supply of rice in the country would be sufficient,” Adriano said.

ADVERTISEMENT

DA..Under the Rice Tariffication Law, rice import duties are used to finance the P10 billion Rice Competitiveness Enhancement Fund for farmers to cover farm mechanization, seed development, propagation and promotion, credit assistance, and extension services.

“By removing quantitative restrictions, we are able to address both the needs of consumers for a lower retail price of rice and use the tariff revenues to fund the RCEF and provide even more assistance to farmers with excess tariff revenues,” Socioeconomic Planning and NEDAchief Karl Kendrick Chua said.

Chua described the law, which many farmer groups have blamed for declining palay prices and lower local production, as “the best model that we have to help both farmers and consumers.”

“Last year, we collected P18.9 billion from rice tariff collections.

We gave all that back to rice farmers. Those calling for the removal of the RTL risk taking away what we are giving to farmers to improve their productivity. Further lowering the price of rice for all Filipinos is really possible if we help farmers improve productivity.

That is exactly what the RTL is doing by providing them with mechanization, seeds, and other support,” Chua said.

Earlier, Agriculture Secretary William Dar said the looming food crisis is due to the expected increases in the prices of farm inputs during the second semester of 2022, aggravated by the effects of the pandemic and rising fuel prices.

“But we’re prepared to handle this. We have a directional plan to handle these big challenges,” he said.

The plan is part of a proposed P250 billion budget that the DA aims to forward to the transitional camp of presumptive president Ferdinand Marcos Jr.

To alleviate the effects of fuel spikes, Dar said the DA has doubled the fuel subsidy allotted to farmers and fishermen to P1.1 billion. The subsidy will benefit corn farmers as well as the fishing communities.

But the country’s biggest food group—the Philippine Chamber of Agriculture and Food, Inc. (PCAFI)—said food production recovery for the Philippines was not within sight, at least for the next eight years, due to challenges in the local agriculture sector.

The Department of Trade and Industry, for its part, said it could not keep the prices of some commodities low because the cost of raw materials had increased.

“We cannot stop the price from moving because the price of raw materials also increased. These are the products’ major ingredients,” Trade Undersecretary Ruth Castelo said.

Castelo said only the prices of 82 basic necessities and prime commodities in the suggested retail price bulletin had an increase out of their 212 stock keeping units.

Dar urged the public to help increase food production in the country by trying urban farming methods.

“We must be prepared, each Filipino, if possible, let’s all plant, raise, fish, here in urban areas. If there’s a way to increase the production of our farmers and fishers, let’s do it. We also have to do it, we, as citizens,” he said.

Tags: Department of AgricultureFermin AdrianoRice Competitiveness Enhancement Fundrice shortfall
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

US swimmer rescued from World Championship pool after fainting

byAFP
June 23, 2022, 12:44 pm
0
141
US swimmer rescued from World Championship pool after fainting

Artistic swimmer Anita Alvarez was dramatically rescued from the bottom of the pool by her coach after fainting at the...

Read more

At least 1,000 killed in Afghan quake, with fear toll will rise

byAFP
June 23, 2022, 9:05 am
0
155
At least 1,000 killed in Afghan quake, with fear toll will rise

A powerful earthquake jolted a remote border region of Afghanistan overnight killing at least 1,000 people and injuring 1,500 more,...

Read more

Passenger jet catches fire while landing at Miami airport

byAFP
June 23, 2022, 8:00 am
0
171
Passenger jet catches fire while landing at Miami airport

Officials arrived in Miami Wednesday to investigate a passenger jet that caught fire as it touched down at the US...

Read more

‘So many murders’: Pope mourns priests killed in Mexico

byAFP
June 23, 2022, 7:30 am
0
156
‘So many murders’: Pope mourns priests killed in Mexico

Pope Francis on Wednesday lamented the spiral of violence engulfing Mexico, after two Jesuit priests and a man seeking sanctuary...

Read more

Oil prices tumble on recession fears as equities decline

byAFP
June 23, 2022, 7:00 am
0
205
Oil prices tumble on recession fears as equities decline

Oil prices fell Wednesday on worries over weakening demand in the slowing global economy as Federal Reserve Chief Jerome Powell...

Read more

Government shuts off 26 websites

byVito Barceloand2 others
June 23, 2022, 1:50 am
0
246
NTC to telcos: Prepare for Typhoon Odette

Tags them as communist network amid howls of media crackdown The National Telecommunications Commission (NTC) has ordered internet service providers...

Read more

Stories you may like

  • Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    36681 shares
    Share 14672 Tweet 9170
  • Of course, it was BBM’s project

    30850 shares
    Share 12340 Tweet 7713
  • INC endorses BBM, Sara

    28799 shares
    Share 11520 Tweet 7200
  • Duterte’s seven biggest achievements

    21721 shares
    Share 8688 Tweet 5430
  • Marcos leads SWS survey on presidentiables at 50%

    13578 shares
    Share 5431 Tweet 3395

Print Edition

View More

Recent Posts

  • US swimmer rescued from World Championship pool after fainting
  • Re-elected
  • At least 1,000 killed in Afghan quake, with fear toll will rise
  • Passenger jet catches fire while landing at Miami airport
  • ‘So many murders’: Pope mourns priests killed in Mexico
  • Oil prices tumble on recession fears as equities decline
  • AXELUM RESOURCES CORP.: Notice of Annual Meeting of Stockholders
  • HARBOR STAR SHIPPING SERVICES, INC.: Notice of Annual Meeting of Stockholders

Advertisement

Latest News

Oil prices tumble on recession fears as equities decline

byAFP
June 23, 2022, 7:00 am
0
205
Oil prices tumble on recession fears as equities decline

Oil prices fell Wednesday on worries over weakening demand in the slowing global economy as Federal Reserve Chief Jerome Powell...

Read more

AXELUM RESOURCES CORP.: Notice of Annual Meeting of Stockholders

byManila Standard
June 23, 2022, 6:30 am
0
141
Coconut exports to boost Axelum’s 2022 sales growth

NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of AXELUM RESOURCES CORP. (the “Company”) will be held on...

Read more

HARBOR STAR SHIPPING SERVICES, INC.: Notice of Annual Meeting of Stockholders

byManila Standard
June 23, 2022, 6:00 am
0
138

Read more

Government shuts off 26 websites

byVito Barceloand2 others
June 23, 2022, 1:50 am
0
246
NTC to telcos: Prepare for Typhoon Odette

Tags them as communist network amid howls of media crackdown The National Telecommunications Commission (NTC) has ordered internet service providers...

Read more

Fare increases for all modes of land transport loom

byManila Standard
June 23, 2022, 1:40 am
0
249
Security around inaugural site set, part of Pasig River ‘no-sail‘ zone

The outgoing Duterte government is now studying the petitions for a fare increase for jeepneys, transport network vehicle services (TNVS),...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App