THE Department of Agriculture (DA) said it ordered the creation of a technical working group (TWG) to study a more data-driven approach to importing rice in a mannerTHE Department of Agriculture (DA) said it ordered the creation of a technical working group (TWG) to study a more data-driven approach to importing rice in a manner

DA exploring how to optimize rice imports, supply, prices

2026/02/09 20:21
2 min read
For feedback or concerns regarding this content, please contact us at [email protected]

THE Department of Agriculture (DA) said it ordered the creation of a technical working group (TWG) to study a more data-driven approach to importing rice in a manner that will managing supply and prices effectively while protecting farmer interests.

In a statement on Monday, the DA said it is working to finalize rice import policies by May to lay the groundwork for a more structured scheme of rice importing in 2026.

The DA said the TWG will be tasked with making recommendations on volume, timing, and distribution of rice imports, guided by data on regional supply levels and inventory.

According to the DA, the TWG will be composed of representatives from the DA’s Office of the Undersecretary for Rice Industry Development, Food Terminal, Inc., the Philippine Rice Industry Stakeholders Movement, and the Philippine Rice Importers Association.

Agriculture Secretary Francisco P. Tiu Laurel, Jr. was quoted in the statement as saying that the TWG deliver policy recommendations within weeks.

The DA said the group is also expected to study mechanisms to ensure that imports do not disrupt the harvest or depress farmgate prices.

“Initial import volumes for May will remain ‘simple,’ but more complex mechanisms — such as linking import participation to purchases from local farmers — are firmly on the table for later in the year, potentially after the wet season,” the DA said.

The da said it will also impose stricter reporting requirements for rice inventories, noting that only a limited number of registered warehouses are currently compliant.

Traders and warehouse operators that fail to submit inventory data could lose their eligibility to import rice, the DA said.

“By aligning import timing with verified market needs and enforcing compliance across traders and millers, the DA aims to curb speculative behavior that distorts prices at the farm gate. For consumers, the payoff is steadier supply and fewer price spikes,” the DA said. — Vonn Andrei E. Villamiel

Market Opportunity
RICE AI Logo
RICE AI Price(RICE)
$0.003127
$0.003127$0.003127
-0.19%
USD
RICE AI (RICE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

XRP Price Prediction: XRP Eyes Bullish Reversal but Risks Further Losses Unless $1.40 Resistance Is Reclaimed

XRP Price Prediction: XRP Eyes Bullish Reversal but Risks Further Losses Unless $1.40 Resistance Is Reclaimed

XRP is approaching a decisive moment as traders closely monitor whether the token can recover above critical resistance or face renewed downside pressure in the
Share
Brave New Coin2026/03/29 07:10
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Ondo Finance Remains Range Bound With Price Bouncing Between Key Support Levels

Ondo Finance Remains Range Bound With Price Bouncing Between Key Support Levels

Ondo Finance trades between $0.24-$0.30 as ONDO remains range-bound, with Perps platform expanding leverage trading options. Ondo Finance (ONDO) is trading within
Share
LiveBitcoinNews2026/03/29 07:20