Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
60-day rice import ban not fixed—Agri chief
Manila Bulletin
|August 15, 2025
Department of Agriculture (DA) Secretary Francisco Tiu Laurel said the upcoming 60-day suspension on rice imports could be shortened or extended, depending on potential market shifts.
In a statement, Tiu Laurel said the government will closely monitor price movements and the outcome of the harvest in the coming months to decide the next step for the import ban.
“Throughout the suspension, we will closely monitor supply and market dynamics—especially among retailers, wholesalers, and importers—and take appropriate action to uphold market discipline,” he said.
President Marcos earlier announced that the country will temporarily suspend foreign rice purchases in order to stabilize local prices, beginning Sept. 1.
Prices of palay (unmilled rice) have reportedly fallen to as low as P8 per kilo, which is well below the production cost of P12 to P14 per kilo.
Aside from adjusting rice prices, the two-month suspension is seen to capitalize on the expected record output for the staple food.
This story is from the August 15, 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Nurse brain drain persists, threatening PH healthcare
Despite improvements in nursing education nationwide, the Philippines continues to grapple with a severe shortage of nurses as thousands of qualified professionals depart for better-paying jobs abroad, the Manila-based Asian Development Bank (ADB) reported.
1 min
November 27, 2025
Manila Bulletin
HSBC Philippines celebrates 150 years of partnership and progress
As one of the country's longest standing financial institutions, HSBC Philippines marks 150 years of its continuous contribution to the country's growth, underscoring its role as the enabler of trade, investment, and economic progress.
3 mins
November 27, 2025
Manila Bulletin
Pampanga barangay head shot dead in ambush
A barangay captain was shot dead in an ambush in Barangay Alauli, Masantol town, Pampanga province on Tuesday afternoon, Nov.
2 mins
November 27, 2025
Manila Bulletin
JBC opens applications for 2 associate justices at Sandiganbayan, CTA
The Judicial and Bar Council (JBC) has opened the applications or recommendations for two associate justice posts at the Sandiganbayan and the Court of Tax Appeals (CTA)
1 min
November 27, 2025
Manila Bulletin
Why rice awareness must be a year-round commitment
As National Rice Awareness Month (NRAM) draws to a close this November, the message it carries must not end with the turning of the calendar.
2 mins
November 27, 2025
Manila Bulletin
Security Bank hits green goal early
Security Bank Corp.
1 min
November 27, 2025
Manila Bulletin
Baguio folk urged to watch diet during Christmas parties
The City Health Services Office here on Tuesday once again reminded residents to watch their diet during festivities this holiday season.
1 min
November 27, 2025
Manila Bulletin
Blazing trails in good governance, promoting inclusive development
Is there a way out of the present crisis brought on by widespread anomalies in flood control?
4 mins
November 27, 2025
Manila Bulletin
ALI raises P4.2B for reinvestment
Ayala Land Inc.
1 mins
November 27, 2025
Manila Bulletin
Japan-Philippines Summit Meeting
On October 26, commencing at 13:09 local time (14:09 JST) for approximately 20 min, Ms.
2 mins
November 27, 2025
Listen
Translate
Change font size