April 16, 2025 | 00:53 GMT +7
April 16, 2025 | 00:53 GMT +7
Hotline: 0913.378.918
A farmer removes weeds growing alongside with ride stalks at a ricefield in Naujan, Oriental Mindoro in Philippines, August 27, 2018.
The Philippines, among the world's largest rice importers, declared on Monday a food security emergency to bring down the cost of rice, which it said has stayed elevated despite lower global prices and a reduction in rice tariffs last year.
The declaration, which was widely expected, will allow the government to release buffer stocks to help bring down retail prices of the national staple, Agriculture Secretary Francis Tiu Laurel said in a statement, adding it would remain in effect until the price situation improves.
Despite efforts to liberalise rice imports and reduce tariffs, the agriculture department said, the domestic market has been slow to respond, with retail prices surpassing expectations.
Half of the 300,000 metric tons buffer stock the National Food Authority currently holds could be released over the next six months to ensure supply for emergencies and disaster response, it added.
The annual rate of increase in rice prices in the Philippines hit a 15-year high of 24.4% in March last year, but has since moderated to 0.8% in December, helping keep overall inflation for 2024 within the government's 2% to 4% target.
Last year, the Philippines lowered tariffs on rice and extended existing tariff cuts on some other commodities to combat inflation and ensure ample supply.
(Reuters)
(VAN) Pepper prices on April 15, 2025: Global market sees mixed fluctuations, while domestic prices remain stable, trading around VND 154,000 - 157,000/kg.
(VAN) Coffee prices on April 15, 2025, have surged globally. Domestic coffee prices rose by VND 2,600, reaching the range of VND 126,300 - 127,200/kg.
(VAN) Pepper prices on April 14, 2025, remain unchanged both domestically and globally. Domestic pepper is still trading around VND 154,000 – 157,000/kg.
(VAN) Coffee prices on April 14, 2025, is flat both domestically and globally. Domestic coffee is being traded at a range of VND 123,700 to VND 125,000/kg.
(VAN) It’s eaten with almost every meal, used to make sushi, made into sweets, fermented into alcohol and offered to the spirits at religious ceremonies.
(VAN) Pepper prices on April 11, 2025, show a slight recovery from both domestic and global markets. Prices stay at VND 148,000 to VND 150,000/kg domestically.
(VAN) Coffee prices on April 11, 2025, increased slightly domestically, at VND 117,300 to VND 119,000/kg, up by VND 1,000 to VND 1,300/kg over yesterday.