The food security emergency, declared by agriculture chief Francisco Tiu Laurel Jr., will enable the NFA to release rice buffer stocks
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MANILA, Philippines – The Department of Agriculture declared on Monday, February 3, a food security emergency on rice after the National Price Coordinating Council determined that there was an extraordinary increase in rice prices amid tariff reduction and decline in global prices. “This emergency declaration allows us to release rice buffer stocks held by the National Food Authority to stabilize prices and ensure that rice, a staple food for millions of Filipinos, remains accessible to consumers,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement on Monday.
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