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SRP on rice next week
By Nidz Godino

“Technical committee met this morning…hopefully, by next week, we can release SRP…depend on Agribusiness and Marketing Assistance Service,AMAS,” Agriculture Assistant Secretary Arnel de Mesa said suggested retail price (SRP) of rice could be released next week amid spike in retail price of staple food.
AMAS is currently consulting with stakeholders about proposed SRP, he added.
De Mesa earlier announced DA is mulling implementation of SRP on grains to contain unabated increase in retail prices of rice.
“High retail price of rice is expected as we are going into lean season…we don’t have local production as our source is only imports… price of imported rice is also high,” he said.
Former agriculture secretary Leonardo Montemayor cautioned DA on implementing SRP, he said could affect farmgate price of palay during next harvest.
“The proposed SRP should be reviewed thoroughly as first to be affected will be farmers in next harvest season, around April…traders will try to recover their losses because of SRP in form of lower farmgate prices of palay, I don’t think prices of rice will stabilize…most likely, it will further increase…in 2022, imported rice was only $400 per ton…last year, it increased to $640, or 44 percent increase,” Montemayor said.
Agriculture Secretary Francisco Tiu Laurel Jr. should continue ongoing consultations with stakeholders to address upward trend in retail price of rice, he said.
Based on monitoring of DA in Metro Manila markets, local regular milled rice was sold for as high as P53 per kilo; local well-milled rice, P55 per kilo; local premium rice, P63 per kilo; local special rice, P68 per kilo; imported well-milled rice, P58 per kilo; imported premium rice, P61 per kilo and imported special rice, P65 per kilo.
Meanwhile, AGRI party-list Rep. Wilbert Lee sought immediate passage of bill establishing “price subsidy” program for farmers, as prices of rice continue to spike.
In statement, Lee said his proposed measure would ensure farmers’ profit and entice them to boost production.
In House Bill 9020 or Cheaper Rice Act, DA and other concerned agencies would have to buy rice from local farmers at higher prices or additional P5 to P10 per kilo.
Rice would have to be sold to consumers at cheaper rates.
“If we want to bring down prices of rice to P20 per kilo, this Cheaper Rice Act is answer to that,” he claimed.
Lee was referring to President Ferdinand Marcos Jr.’s campaign promise to lower price of rice. More than year into office, FMJhas not fulfilled this promise.
Based on Philippine Statistics Authority (PSA) data, rice inflation reached 19.6 percent in December 2023, highest since recorded 22.9 percent rice inflation in March 2009.
Lee said government should not rely on importation to achieve cheaper rice and instead focus on improving rice self-sufficiency, “HB 9020 aims to achieve.”
Fishers’ group strongly criticized extension of reduced tariffs for selected agricultural products approved by President Marcos last December.
In statement, Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) argued prolonged tariff cut “reflects administration’s commitment to import-liberalization policies, burdened local agricultural producers.”
Executive Order No. 50 extended reduced most favored nation tariff rates on pork, corn and rice until end of 2024.
Pamalakaya said measure was ostensibly aimed at making agricultural products more affordable amid El Niño phenomenon, but PSA’s report on rice inflation in 2023 showed it reached its highest level since March 2009.
Pamalakaya noted government’s data highlight opening doors to imported agricultural products does not prevent price increases.
FMJ has been persistent in import-liberalization policies favored foreign capital instead of strengthening local agri-fisheries production through sufficient state support such as subsidies and production facilities, they argued.
Pamalakaya reiterated its support for House Bill 405 or Rice Industry Development Act, aims to provide rice farmers with affordable production inputs like seeds, fertilizers and tools.
Pamalakaya earlier called on DA to stop fish imports, as Philippines has imported over 250,000 metric tons of various pelagic fish, mostly from China and Taiwan, since 2018.
SRP on rice next week
By Nidz Godino
“Technical committee met this morning…hopefully, by next week, we can release SRP…depend on Agribusiness and Marketing Assistance Service,AMAS,” Agriculture Assistant Secretary Arnel de Mesa said suggested retail price (SRP) of rice could be released next week amid spike in retail price of staple food.
AMAS is currently consulting with stakeholders about proposed SRP, he added.
De Mesa earlier announced DA is mulling implementation of SRP on grains to contain unabated increase in retail prices of rice.
“High retail price of rice is expected as we are going into lean season…we don’t have local production as our source is only imports… price of imported rice is also high,” he said.
Former agriculture secretary Leonardo Montemayor cautioned DA on implementing SRP, he said could affect farmgate price of palay during next harvest.
“The proposed SRP should be reviewed thoroughly as first to be affected will be farmers in next harvest season, around April…traders will try to recover their losses because of SRP in form of lower farmgate prices of palay, I don’t think prices of rice will stabilize…most likely, it will further increase…in 2022, imported rice was only $400 per ton…last year, it increased to $640, or 44 percent increase,” Montemayor said.
Agriculture Secretary Francisco Tiu Laurel Jr. should continue ongoing consultations with stakeholders to address upward trend in retail price of rice, he said.
Based on monitoring of DA in Metro Manila markets, local regular milled rice was sold for as high as P53 per kilo; local well-milled rice, P55 per kilo; local premium rice, P63 per kilo; local special rice, P68 per kilo; imported well-milled rice, P58 per kilo; imported premium rice, P61 per kilo and imported special rice, P65 per kilo.
Meanwhile, AGRI party-list Rep. Wilbert Lee sought immediate passage of bill establishing “price subsidy” program for farmers, as prices of rice continue to spike.
In statement, Lee said his proposed measure would ensure farmers’ profit and entice them to boost production.
In House Bill 9020 or Cheaper Rice Act, DA and other concerned agencies would have to buy rice from local farmers at higher prices or additional P5 to P10 per kilo.
Rice would have to be sold to consumers at cheaper rates.
“If we want to bring down prices of rice to P20 per kilo, this Cheaper Rice Act is answer to that,” he claimed.
Lee was referring to President Ferdinand Marcos Jr.’s campaign promise to lower price of rice. More than year into office, FMJhas not fulfilled this promise.
Based on Philippine Statistics Authority (PSA) data, rice inflation reached 19.6 percent in December 2023, highest since recorded 22.9 percent rice inflation in March 2009.
Lee said government should not rely on importation to achieve cheaper rice and instead focus on improving rice self-sufficiency, “HB 9020 aims to achieve.”
Fishers’ group strongly criticized extension of reduced tariffs for selected agricultural products approved by President Marcos last December.
In statement, Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) argued prolonged tariff cut “reflects administration’s commitment to import-liberalization policies, burdened local agricultural producers.”
Executive Order No. 50 extended reduced most favored nation tariff rates on pork, corn and rice until end of 2024.
Pamalakaya said measure was ostensibly aimed at making agricultural products more affordable amid El Niño phenomenon, but PSA’s report on rice inflation in 2023 showed it reached its highest level since March 2009.
Pamalakaya noted government’s data highlight opening doors to imported agricultural products does not prevent price increases.
FMJ has been persistent in import-liberalization policies favored foreign capital instead of strengthening local agri-fisheries production through sufficient state support such as subsidies and production facilities, they argued.
Pamalakaya reiterated its support for House Bill 405 or Rice Industry Development Act, aims to provide rice farmers with affordable production inputs like seeds, fertilizers and tools.
Pamalakaya earlier called on DA to stop fish imports, as Philippines has imported over 250,000 metric tons of various pelagic fish, mostly from China and Taiwan, since 2018.






