{"id":11889,"date":"2023-12-11T08:27:14","date_gmt":"2023-12-11T08:27:14","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=11889"},"modified":"2023-12-11T08:28:00","modified_gmt":"2023-12-11T08:28:00","slug":"farmers-traders-tell-govt-to-import-500k-mt-to-ease-rice-prices-supply","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/farmers-traders-tell-govt-to-import-500k-mt-to-ease-rice-prices-supply\/","title":{"rendered":"Farmers, traders tell gov\u2019t to import 500K MT to ease rice prices, supply"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Rice farmers and traders have asked the government to import as much as 500,000 metric tons of rice to manage prices and supply, as the anticipated El Ni\u00f1o phenomenon is expected to peak during the summer months next year.<\/p>\n\n\n\n

\u201cThe immediate solution is the bring in imported rice. Around 300,000 to 500,000 MT of rice imports will be enough to tide us over the next few months until the dry season harvest and sustain prices at current levels,\u201d said Philippines Rice Industry Stakeholders Movement co-founder and president of Goldmine Farm to Harvest president Orly Manuntag.<\/p>\n\n\n\n

He said climate change will certainly impact the country\u2019s rice output as well as the planting intention of farmers and the prices of the staple grain.<\/p>\n\n\n\n

Already, there are reports that many farmers have delayed their planting cycle for about two weeks to one month to avoid the peak of El Ni\u00f1o.<\/p>\n\n\n\n

Some farmers have started planting in mid-December, anticipating harvest by March or early April 2024.<\/p>\n\n\n\n

Prices, according to PRISM, are on the upswing and may hit more than P60 per kilogram (kg) even before December is over.<\/p>\n\n\n\n

\u201cLanded cost of imported rice is about P46 to P47\/kg but with the mark-up of importers it could be at P50\/kg. So, it\u2019s possible that rice could be retailing at P60\/ kg. While local harvest is said to be at record output, the buying price of palay also went up to P23 per kilo,\u201d Manuntag explained.<\/p>\n\n\n\n

On Saturday, rice price watchdog Bantay Bigas warned that prices of regular-milled rice may reach up to P60 per kilogram over gaps in local supply and rising prices in the international market.<\/p>\n\n\n\n

Prices of regular-milled rice in some markets in Metro Manila ranged from P52 to P54 per kilogram, Bantay Bigas spokesperson Cathy Estavillo said.<\/p>\n\n\n\n

In rice-producing province Aurora, for example, the cheapest rice is now at P52 per kilogram, according to Estavillo.<\/p>\n\n\n\n

Manuntag said some local government units have also raised the buying price by adding an incentive of P3 for farmers to sell to the government.<\/p>\n\n\n\n

But traders went beyond what the government can pay, offering as much as P28 to P31\/MT, he said.<\/p>\n\n\n\n

\u201cGiven these options, the farmers sell to the highest bidder. Even us, traders-millers have to step up our offer, otherwise, we won\u2019t have rice to mill,\u201d he added.<\/p>\n\n\n\n

Domestic demand for the grain is expected to peak at 4.03 million tons (MT) in the 4th quarter, traditionally the highest throughout any given year.<\/p>\n\n\n\n

Global demand is also up, bringing prices to record levels.<\/p>\n\n\n\n

Thailand is selling at $600 to $620\/MT while Indonesia was reported to be aggressively buying, shoring up supply to avert a shortage situation due to El Ni\u00f1o.<\/p>\n\n\n\n

Meanwhile, the Department of Agriculture, through the Philippine Center for Postharvest Development and Mechanization (DA-PhilMech), distributed P398.5 million worth of agricultural machinery and postharvest facilities to the province of Nueva Ecija.<\/p>\n\n\n\n

About 88 qualified farmers\u2019 cooperatives and associations under the Rice Competitiveness Enhancement Fund received 25 units of machinery at the PhilMech center.<\/p>\n\n\n\n

Agriculture Secretary Francisco Tiu Laurel Jr., who led the distribution, urged the beneficiaries to take good care of the equipment.<\/p>\n\n\n\n

\u201cI implore you to take care of these machines. Although they are free, we should still use them with care and appreciation. If our machinery needs maintenance, let us have them fixed so that they can last longer and benefit more people,\u201d he said.<\/p>\n\n\n\n

\u201cMay this also be the key to unity and prevent divisions within your organizations. Let us unite our organizations while we also work with the government\u2019s good intentions for you and our fellow Filipinos,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rice farmers and traders have asked the government to import as much as 500,000 metric tons of rice to manage prices and supply, as the anticipated El Ni\u00f1o phenomenon is expected to peak during the summer months next year. \u201cThe immediate solution is the bring in imported rice. Around 300,000 to 500,000 MT of rice […]<\/p>\n","protected":false},"author":1,"featured_media":11890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[401,393,313,218],"class_list":["post-11889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-farmers-place","tag-rice-supply","tag-rice-prices","tag-rice-farmers","tag-rice-farming"],"acf":{"enable_premium_overlay":false},"yoast_head":"\nFarmers, traders tell gov\u2019t to import 500K MT to ease rice prices, supply - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farmers, traders tell gov\u2019t to import 500K MT to ease rice prices, supply - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Rice farmers and traders have asked the government to import as much as 500,000 metric tons of rice to manage prices and supply, as the anticipated El Ni\u00f1o phenomenon is expected to peak during the summer months next year. \u201cThe immediate solution is the bring in imported rice. 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