THE Department of Agriculture (DA) is optimistic that the country's rice inventory will reach 3.64 million metric tons (MT) by year-end, or 91 percent higher than last year's 1.9 million MT.
THE Department of Agriculture is optimistic that the country's rice inventory will reach 3.64 million metric tons by year-end, or 91 percent higher than last year's 1.9 million MT.This, as the department sees an increase in palay production this year due to the 'less pronounced' impact of El Niño on the country's farms.
5 million MT corn target production was affected by the dry weather phenomenon. This corresponds to 188,861 MT of stocks at the end of the dry cropping season.As part of the government's efforts to assist affected farmers and fishers, the department has distributed interventions across 170,469 hectares of crop areas. As of June 6, financial aid and farm inputs amounting to P9.23 billion have been distributed to 1.17 million beneficiaries.
Rice Inventory Seen Rising To 3.64 MMT
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