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MANILA, Philippines — Two panels of the House of Representatives on Tuesday approved a substitute bill amending Republic Act No. 11203, or the rice tariffication law (RTL), particularly restoring the role of the National Food Authority (NFA) in stabilizing rice prices, a day after President Ferdinand Marcos Jr. certified the measure as urgent.

As India grapples with ongoing food inflation, the government is expected to continue its stringent monitoring and control of wheat and rice inventories, keeping a tight lid on the export of these crucial grains even after the general elections.

THE Department of Agriculture (DA) wants Congress to restore the National Food Authority's (NFA) power to import rice to ensure adequate supplies and stable prices for the staple.

The Asian rice market is on edge as top exporters brace for a possible tender from Indonesia's state purchasing agency, Bulog, in May. The surge in prices comes on the heels of Indian export restrictions, which have significantly tightened global supplies.

Long-stored pledged grain can be sold on African market

Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request.

PRESIDENT Ferdinand Marcos Jr. vowed Monday, May 6, 2024, to certify as urgent the proposed amendments to Republic Act 11203, or the Rice Tariffication Law (RTL), in a bid to lower rice prices in the country.

A cohesive effort to revolutionise Thailand’s rice farming industry has been forged, with a collective aim to modernise traditional farming methods towards environmentally friendly practices. This initiative is targeted at preserving biodiversity and enhancing the overall ecosystem across the varied landscapes of the nation.

The Department of Agriculture (DA) said Sunday that more rice may be harvested this year compared to last year despite the El Niño phenomenon's effects on the country. 

MANILA, Philippines — The Department of Agriculture supports the move of Speaker Martin Romualdez to amend the Rice Tariffication Law (RTL) to allow the National Food Authority (NFA) to sell rice in the markets, DA Assistant Secretary and spokesman Arnel de Mesa said yesterday.

The rice stocks held by the Food Corporation of India (FCI) currently is close to four times the buffer for July 1, despite a 7% fall in procurement in the current season (October-September) compared to the same period last season. 

SINGAPORE — Global rice supplies have stabilized after last year's rally, although the market remains vulnerable to risks from dry weather caused by the El Niño, a senior executive at commodity merchant Louis Dreyfus Co (LDC) said.

VOV.VN - Vietnam is expected to produce 43 million tonnes of rice this year, of which more than 8 million tonnes will be for export, according to the Ministry of Agriculture and Rural Development.

Rice exports from Pakistan are on track to surpass $4 billion by the conclusion of the fiscal year 2023-24.

THE Philippines recorded higher rice imports as of mid-April compared to last year's level, data from the Bureau of Plant Industry (BPI) showed.

The Department of Agriculture (DA) urged the House of Representatives to extend the DA’s Rice Competitiveness Enhancement Fund (RCEF) until 2030, highlighting its significant contributions to boosting rice production and supporting small farmers.

The Department of Agriculture (DA) on Monday said it has asked President Ferdinand Marcos, Jr. to grant the agency a buffer fund that it can use to buy rice and other basic commodities which will be later sold at lower prices.