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Published February 20, 2021, 6:00 AM The Philippines’ rice inventory as of January this year declined by 12.8 percent year-on-year after both commercial warehouses and state-run grains agency National Food Authority (NFA) ended with lower stocks during the period. Data from Philippine Statistics Authority (PSA) showed that as of January, the country’s rice stocks inventory was recorded at 2.33 million metric tons (MT). This was lower by 12.8 percent in comparison with the previous year’s level of 2.67 million MT. (MANILA BULLETIN FILE PHOTO) Likewise, rice stocks dropped by 15.7 percent over the previous month’s level of 2.76 million MT. Year-on-year, rice stocks in households rose by 7.6 percent, but rice stocks in commercial warehouses and NFA depositories both contracted by -27.5 percent and -32.8 percent, respectively. ....
Published February 17, 2021, 3:10 PM The Department of Agriculture (DA) has been formally asked by its legally mandated arm for stakeholders’ participation, Philippine Council for Agriculture and Fisheries (PCAF), to withdraw its petition to lower import tariff rates on pork. Instead, PCAF is proposing for the government to allow the importation of cheaper feed inputs so that local producers can produce cheaper feeds and lessen the production costs in swine. PCAF, in its recent meeting with DA officials, adopted a resolution recommending the withdrawal of the petition from the Tariff Commission (TC) for temporary tariff reduction in rice and pork for a period of 12 months. ....