The Department of Agriculture declares a food security emergency on rice, after the National Price Coordinating Council reports an unusual increase in rice prices, despite tariff reductions and declining global prices.
Full story: https://www.rappler.com/philippines/department-agriculture-declares-food-security-emergency-curb-high-rice-prices/
Full story: https://www.rappler.com/philippines/department-agriculture-declares-food-security-emergency-curb-high-rice-prices/
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NewsTranscript
00:00The Department of Agriculture declares a food security emergency on rice.
00:06This after the National Price Coordinating Council reports an unusual increase in rice
00:10prices despite tariff reductions and declining global prices.
00:14Agriculture Secretary Francisco Chulaurel says, quote,
00:17This emergency declaration allows us to release rice buffer stocks held by the National Food
00:22Authority to stabilize prices and ensure that rice, a staple food for millions of Filipinos,
00:28remains accessible to consumers.
00:30The NFA also needs to clear its warehouses, which currently hold 300,000 metric tons
00:34of rice, in time for the harvest season.
00:37The declaration, issued through Department Circular No. 3, will remain in effect until
00:41Chulaurel lifts the declaration.
00:43The DA chief can declare a food security emergency based on NPCC's recommendation under the
00:48amended Agricultural Tarification Act.