Despite assurances by President Ferdinand R. Marcos, Jr. that the country has sufficient buffer stock of rice in the aftermath of typhoon Egay, the DA will still push through with importing 1.3 million metric tons of the staple. Know more:
DESPITE assurances by President Ferdinand R. Marcos, Jr. that the country has sufficient buffer stock of rice in the aftermath of typhoon Egay , the Department of Agriculture will still push through with importing 1.3 million metric tons of the staple to ensure the food supply until the end of the year.
The 1.69 MMT excess rice is enough to last 45 days at present consumption, according to the DA. “It appears our supply is okay for now,” Marcos said in a video message.However, in a press briefing in Malacañang, Agriculture Undersecretary Mercedita A. Sombilla said they will still encourage the private sector to push through with their rice importation to help sustain the NFA’s buffer stock, which is used during times of emergencies.She said 1.
These factors include the withdrawal of Russia in the Black Sea Grain Initiative; India’s ban on non-bashmati white rice exports, and El Niño.
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