(Bloomberg) -- The Philippine government plans to sell some of its rice inventories at heavily subsidized prices in May as residents in the Asian archipelago turn out for midterm elections.
GOVERNMENT-BACKED stores selling produce at less than market prices will carry P20-per-kilo rice starting May 2, days before the midterm elections, the Department of Agriculture (DA) said.
President Marcos has directed the National Food Authority (NFA) to increase its rice buffer stock to support local farmers and ensure a sufficient rice supply in the country.
THE government’s plan to trial the sale of subsidized P20 per kilo rice in the Visayas is unsustainable and likely designed to woo voters, a think tank said.
MANILA – The national rice buffer stock is now good for 10 days amid the palay (unhusked rice) procurement from the local farmers, the National Food Authority (NFA) said Friday.
CEBU CITY, Philippines — The Cebu Market Vendors Multi-Purpose Cooperative welcomed the national government’s plan to roll out the P20-per-kilo rice program in the Visayas.
This surprising change in Japan's protectionist approach comes as imports from South Korea and the US grow, domestic stockpiles dwindle and prices soar
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