President Ferdinand “Bongbong” R. Marcos Jr. may consider imposing a maximum retail price (MRP) on fertilizer products sold in the domestic market to arrest skyrocketing prices of the planting input, state-run regulators revealed. In an assessment report, the Fertilizer and Pesticide Authority (FPA) recommended that the government institutionalize a suggested…
INCREASING FERTILIZER PRICE. Department of Agriculture-Fertilizer and Pesticide Authority Deputy Executive Director Myer Mula (left) joins Assistant Secretary Noel Reyes (right) in a virtual presser on Tuesday (May 24, 2022). The officials promoted the utilization of the Balanced Fertilization Strategy to ease the pressures of the increasing fertilizer prices. (Screengrab) MANILA - Amid the worsening limitation of fertilizer supply worldwide, the Department of Agriculture- Fertilizer and Pesticide Authority (DA-FPA) on Tuesday said Russia has vowed to supply traditional fertilizer urea to the Philippines. "We are really lacking, but we are looking at how to solve these things. We have meetings with Russia, they have responded, I just received a call, that they are willing to supply us the fertilizer," FPA Deputy Executive Director Myer Mula in a virtual presser. DA Spokesperson Assistant Secretary Noel Reyes said the volume of importation is yet to be determined. "We alr