Facebook Pixel DA ready to sell rice at P40 per kilo | The Philippine Star - newspaper - Lee esta historia en Magzter.com
Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año

Intentar ORO - Gratis

DA ready to sell rice at P40 per kilo

The Philippine Star

|

September 03, 2024

The Department of Agriculture (DA) said it may sell rice at P40 per kilogram if prevailing retail market prices soften as soon as more imported rice slapped with lower tariff rate arrives in the country in the coming months.

- Jasper Emmanuel Arcalas

DA ready to sell rice at P40 per kilo

Agriculture Secretary Francisco Tiu Laurel Jr. said the price of rice being sold by the DA through its Rice-for-All program could decline by P5 per kilogram once prevailing market prices ease.

“If the (retail prices of rice) in the market reach P45 (per kilo), then our Rice-for-All program would be priced at P40 per kilo,” Tiu Laurel said in an online interview recently.

The Rice-for-All program, which started last Aug. 1, sells well-milled rice sourced from local importers and traders to the public at P45 per kilo, with a limit of 25 kilos per day, lower than prevailing prices of P47 to P55 per kilo.

The agriculture chief is maintaining his earlier forecast that local rice prices would fall only by October once a substantial amount of rice imports levied with lower tariffs of 15 percent enter the country.

The government earlier estimated that rice prices would decline by P5 to P7 per kilo because of the tariff reduction to 15 percent from 35 percent, which took effect last July 5.

MÁS HISTORIAS DE The Philippine Star

The Philippine Star

The Philippine Star

Business confidence stays positive in Jan

Philippine businesses remain optimistic about the economy on the back of higher consumer demand and enhancements in business processes, according to the Bangko Sentral ng Pilipinas.

time to read

2 mins

February 28, 2026

The Philippine Star

Prosecutor: Time for Rody to take responsibility

The International Criminal Court (ICC) wrapped up the confirmation of charges hearing against former president Rodrigo Duterte on Friday night (Manila time), with the parties making their final arguments as to whether the case should proceed to trial.

time to read

4 mins

February 28, 2026

The Philippine Star

BSP eyes tighter e-money rules to protect consumers

The Bangko Sentral ng Pilipinas (BSP) is proposing amendments to its electronic money regulations that will tighten liquidity safeguards, strengthen trust arrangements and introduce recovery planning requirements for non-bank electronic money issuers (EMIs).

time to read

2 mins

February 28, 2026

The Philippine Star

Phl, Japan, US hold drills off Batanes

The Philippines, Japan and the United States again sailed and patrolled the waters and skies of the West Philippine Sea (WPS) this week, where combined military forces held drills including live-fire exercises aimed at further boosting cooperation and interoperability among the three allied nations.

time to read

2 mins

February 28, 2026

The Philippine Star

The Philippine Star

S. Korean president visiting Phl

President Marcos will meet with South Korean President Lee Jae Myung in Manila next week, where they are expected to tackle deeper cooperation in key areas, including defense, maritime and economy.

time to read

1 mins

February 28, 2026

The Philippine Star

House bill proposes ban on ‘cong-tractors'

Any congressman engaged in contracting infrastructure projects in any government agency may be barred from holding office, according to a bill of the National Unity Party (NUP) at the House of Representatives.

time to read

2 mins

February 28, 2026

The Philippine Star

The Philippine Star

Oil firms extend price hike in March

Following consecutive increases over the past two months, another round of upward pump adjustments is expected in the first week of March.

time to read

1 mins

February 28, 2026

The Philippine Star

Energy, mining titans spotted at DOE coal auction

The Department of Energy (DOE) officially opened the country's coal auction yesterday.

time to read

2 mins

February 28, 2026

The Philippine Star

Trade deficit hits $4.05 B in Jan, widest in 3 months

The country incurred a $4.05-billion trade deficit in January, the highest level in three months, according to the Philippine Statistics Authority.

time to read

2 mins

February 28, 2026

The Philippine Star

The Philippine Star

GADGETS AND THE RULES OF CIVILITY

Life as we know it has changed since we transitioned to the digital age.

time to read

5 mins

February 28, 2026

Listen

Translate

Share

-
+

Change font size