{"id":8226,"date":"2023-09-20T05:16:49","date_gmt":"2023-09-20T05:16:49","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=8226"},"modified":"2023-09-20T05:16:54","modified_gmt":"2023-09-20T05:16:54","slug":"bongbong-marcos-govt-to-increase-rice-buffer-stock","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/","title":{"rendered":"Bongbong Marcos: Gov\u2019t to increase\u00a0rice buffer stock"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"620\" height=\"349\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-108.png\" alt=\"\" class=\"wp-image-8227\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-108.png 620w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-108-600x338.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-108-300x169.png 300w\" sizes=\"(max-width: 620px) 100vw, 620px\" \/><\/figure>\n\n\n\n<p id=\"caption-attachment-1833574\">President Ferdinand \u201cBongbong\u201d Marcos Jr. leads the distribution of confiscated smuggled rice to less-fortunate citizens in Zamboanga City on Tuesday, Sept. 19. PHOTO SCREEN GRABBED FROM RTVM<\/p>\n\n\n\n<p>ZAMBOANGA CITY \u2014 President Ferdinand \u201cBongbong\u201d Marcos Jr. said the government is targeting a bigger buffer stock of rice in the country to ensure a sufficient supply of the staple food at a lower price.<\/p>\n\n\n\n<p>Speaking&nbsp;on Tuesday to beneficiaries of the rice distribution to indigent families at the warehouse of the National Food Authority (NFA) in Barangay San Roque here, the President said expanding the buffer stock will help ensure that consumers will not suffer the sudden spikes in the price of rice.<\/p>\n\n\n\n<p>\u201cWe will increase the buffer stock so that we will no longer see the sudden spikes in prices,\u201d the President explained in Filipino.<\/p>\n\n\n\n<p>But Marcos has not spoken of any numbers. The country\u2019s estimated daily rice consumption is around 34,000 metric tons.<ins><\/ins><\/p>\n\n\n\n<p>Rising prices of the staple food are not only a problem in the country but also throughout the Asian region as other countries beef up their buffer stock in anticipation of a drop in harvests due to the expected onslaught of the El Ni\u00f1o phenomenon, the President further said.<\/p>\n\n\n\n<p>\u201cAll the countries in Asia are trying to ensure that they have sufficient reserves (of rice), they have a buffer stock (and) that\u2019s why they are racing to buy, which induces a rise in the price,\u201d Marcos explained.<\/p>\n\n\n\n<p>He stressed that this phenomenon of rising cost necessitated the imposition of a price cap on rice, a policy that has drawn strong opposition from traders who had bought their supplies at higher costs.<\/p>\n\n\n\n<p>But the long-term solution to this problem, according to the President, is increasing local rice production.<\/p>\n\n\n\n<p>Achieving such a goal must lead to \u201cfirst, ensuring that the price is affordable to the people, and second, that the farmers will have a good livelihood (out of palay farming),\u201d Marcos said.<\/p>\n\n\n\n<p>\u201cThat is what we are trying to fix. We don\u2019t want to be in a situation when the Filipinos go hungry because there is no sufficient supply of rice,\u201d he added.<\/p>\n\n\n\n<p>Marcos had ordered the distribution of some 5,000 bags from among a haul of seized smuggled premium rice to beneficiaries of the Pantawid Pamilyang Pilipino Program: 3,000 in Zamboanga City, 1,000 in Tungawan, Zamboanga Sibugay, and 1,000 in Sibuco, Zamboanga del Norte.<\/p>\n\n\n\n<p>The President stressed that smuggled rice has no place in the domestic market.<\/p>\n\n\n\n<p>When asked Marcos if there is a chance to reduce the price of rice to P20 per kilo, he explained that \u201cwhen production (cost) of rice goes down, bababa din ang presyo ng bigas.\u201d<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Ferdinand \u201cBongbong\u201d Marcos Jr. leads the distribution of confiscated smuggled rice to less-fortunate citizens in Zamboanga City on Tuesday, Sept. 19. PHOTO SCREEN GRABBED FROM RTVM ZAMBOANGA CITY \u2014 President Ferdinand \u201cBongbong\u201d Marcos Jr. said the government is targeting a bigger buffer stock of rice in the country to ensure a sufficient supply of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[159],"class_list":["post-8226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bongbong Marcos: Gov\u2019t to increase\u00a0rice buffer stock - 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=\"Bongbong Marcos: Gov\u2019t to increase\u00a0rice buffer stock - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"President Ferdinand \u201cBongbong\u201d Marcos Jr. leads the distribution of confiscated smuggled rice to less-fortunate citizens in Zamboanga City on Tuesday, Sept. 19. PHOTO SCREEN GRABBED FROM RTVM ZAMBOANGA CITY \u2014 President Ferdinand \u201cBongbong\u201d Marcos Jr. said the government is targeting a bigger buffer stock of rice in the country to ensure a sufficient supply of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-20T05:16:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-20T05:16:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-108.png\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"349\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Developer Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Developer Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Bongbong Marcos: Gov\u2019t to increase\u00a0rice buffer stock\",\"datePublished\":\"2023-09-20T05:16:49+00:00\",\"dateModified\":\"2023-09-20T05:16:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/\"},\"wordCount\":450,\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-108.png\",\"keywords\":[\"Global Rice News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/bongbong-marcos-govt-to-increase-rice-buffer-stock\/\",\"name\":\"Bongbong Marcos: Gov\u2019t to increase\u00a0rice buffer stock - 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