Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Farmers say P20/kilo a fair price for palay

Farmers say P20/kilo a fair price for palay – BusinessWorld Online


      
      
      
      
      








A farmer threshes newly harvested palay grains at a ricefield in Mogpog, Marinduque in central Philippines, March 22, 2016. — REUTERS

RICE FARMERS from Central Luzon said the government is not doing enough to raise the price of palay (unmilled rice), and called P20 per kilo a fair price for their harvest at farmgate level.

The farmers from Region III, the country’s leading producer of the grain, said in a briefing that they support the repeal of the Rice Tariffication Law, which liberalized rice imports and imposed tariffs on inbound rice shipments brought in by private traders.

The briefing in Quezon City organized by the Nagkakaisang Magsasakang Novo Ecijano (NAMANE) highlighted the government’s failure to achieve food security.

“Sa baba po ng halaga ng palay, wala na kaming tinatanaw na kinabukasan,” (With palay prices so low, we see no future in rice farming),” NABATE Spokesman Crisostomo Marzan said.

Palay prices are currently at P10-11 per kilo, with some regions reporting prices as low as P8.

Mr. Marzan said farmers are unable to support their families at these prices, adding that they consider P20 per kilo to be fair.

The National Food Authority (NFA) lists a buying price of P23-30 per kilo for dry palay and P17-23 for wet palay, depending on location. The NFA can buy only a small percentage of the harvest because of storage or budget constraints.

The NFA has insufficient funds, trucks, and dryers to buy directly from farmers, Mr. Marzan said, adding that the Rice Tariffication Law has made the Philippines too dependent on imports.

NAMANE said the Department of Agriculture (DA) has refused to engage with the group, and announced plans to protest at the Quezon Memorial Circle on Oct. 15.

The circle is the site of the two key agriculture-related agencies — the DA and the Department of Agrarian Reform. — Andre Christopher H. Alampay

CEDTyClea





    You May Also Like

    Stock Markets

    Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

    Finance

    Prime Minister Keir Starmer is tightening control over the government’s economic strategy by strengthening a cross-government Budget Board that will shape the Autumn Statement...

    Finance

    Formula 1 drivers Isack Hadjar and Liam Lawson of the Visa Cash App Racing Bulls (VCARB) team have taken an unusual step to thank...

    Finance

    A new player in football talent management has entered the game. M+C Saatchi Football, co-founded by former England and Liverpool midfielder Jamie Redknapp, officially...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.