5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Palace ironing out logistic issues before national rollout of P20-per-kilo rice

by
April 24, 2025
in Stock
0
Palace ironing out logistic issues before national rollout of P20-per-kilo rice
PHILIPPINE STAR/MIGUEL DE GUZMAN

THE Presidential Palace on Thursday said that it is still ironing out logistics issues to eventually roll out the government’s P20-per-kilogram rice program nationwide.

“We are still fixing possible logistics issues, but it will be implemented nationwide,” Presidential Communications Office Undersecretary Claire A. Castro said at a news briefing.

“Hopefully, next year this (program) will be given adequate funding so that assistance from local government units (LGUs) will no longer be needed.”

This followed Agriculture Secretary Francisco P. Tiu Laurel, Jr.’s announcement on Wednesday that the Department of Agriculture will conduct a pilot program to offer subsidized rice at P20 per kilo in the Visayas.

This comes after a closed-door meeting of 12 Visayas governors and President Ferdinand R. Marcos, Jr. on Wednesday.

The government has set aside P3.5 billion to P4.5 billion for the program, expected to run until 2028.

“The Visayas became the pilot area because they were the first to announce that they would also cooperate,” Ms. Castro added.

Visayas was also chosen due to the influx of rice stocks in National Food Authority warehouses after the conclusion of the harvest season.

She added that LGUs will provide the necessary guidelines on where to buy the lower priced rice.

“It could be in their public markets, authorized outlets, their employees. This will depend on the guidelines released by the LGUs,” Ms. Castro said.

Bringing down the price of Filipinos’ staple food to P20 per kilo was among the campaign promises of Mr. Marcos during the 2022 presidential election.

“It has only now been thoroughly studied because over the course of days, months, and years, we have studied how to implement it,” Ms. Castro said.

To lower the price of rice, the government declared a food security emergency on rice to tame the retail price of local grain in February. This allowed the NFA to release rice buffer stocks to local markets.

The DA also implemented a maximum suggested retail price on imported rice at P45 per kilo last March. — Adrian H. Halili

Previous Post

PHL to chair high-level meetings of middle-income countries next week

Next Post

NEDA Board OKs P74.6-billion food stamp program

Next Post
NEDA Board OKs P74.6-billion food stamp program

NEDA Board OKs P74.6-billion food stamp program

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Metro Manila retail price growth flat in June

    Metro Manila retail price growth flat in June

    July 28, 2025
    Philippines to host LDF board meeting in October

    Philippines to host LDF board meeting in October

    July 28, 2025
    Transfer pricing considerations during calamities

    Transfer pricing considerations during calamities

    July 28, 2025
    Escudero and Romualdez keep post as Senate President and Speaker

    Escudero and Romualdez keep post as Senate President and Speaker

    July 28, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.