The Daily Tribune
DA eyes extension of rice import moratorium
The Department of Agriculture (DA) is considering extending the current moratorium on rice imports for at least 15 to 30 days.
This potential extension is driven by preliminary data indicating an increase in local farmgate palay prices following the initial imposition of the ban.
Agriculture Secretary Francisco Tiu Laurel Jr. noted that wet palay prices have risen from P8-P10 per kilo to P17 per kilo in some areas, particularly in Mindanao.
While prices have improved in provinces like Isabela and Nueva Ecija, reaching P13 to P14 per kilo, they still fall below the average production cost of P14 per kilo for most farmers.
The DA stated that the volume of imported rice significantly impacts local market prices, which was the rationale behind the initial suspension of imports.
Some industry groups are reportedly supportive of the extension, viewing it as beneficial for Filipino farmers.
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