The country will enjoy a strong supply of rice up to early next year thanks to the efforts as well as the abundant harvest of Filipino farmers
This was declared by President Ferdinand Marcos Jr., a statement that was seconded by an official of the Department of Agriculture , headed by President Marcos himself, who said the agency was “comfortable” with the country’s national rice stock inventory.
And once the wet season harvest ends this November, he said they expect about 94 days of national stock inventory. With the higher inflation rate last September, De Mesa was asked during the forum if they expect slower inflation as a result of the drop in rice prices in the market. With regard to the President’s EO 39, De Mesa said that they saw low level of compliance among rice retailers in the initial week of its implementation but it started to pick up in the third and last week of September, reaching 87-percent compliance.
It’s a promise that he has repeatedly vowed to honor in previous speeches, but was left out in his major report to the... Agricultural output rebounded in the first quarter, but prospects could turn gloomy in the coming months as an analyst sees...
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