{"id":8345,"date":"2023-09-24T11:10:48","date_gmt":"2023-09-24T11:10:48","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=8345"},"modified":"2023-09-24T11:11:07","modified_gmt":"2023-09-24T11:11:07","slug":"marcos-optimistic-on-lower-rice-prices","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/","title":{"rendered":"Marcos optimistic on lower rice prices"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-128.png\" alt=\"\" class=\"wp-image-8346\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-128.png 800w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-128-600x400.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-128-300x200.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-128-768x512.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>President Ferdinand R. Marcos Jr. led on Friday the distribution of 1,200 sacks of rice to 1,200 Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries of the Department of Social Welfare and Development (DSWD) and the distribution of assistance from the Department of Agriculture (DA) to farmers in General Trias, Cavite.<\/p>\n\n\n\n<p>MANILA, Philippines \u2014 President Marcos expressed optimism yesterday that the harvesting of palay or unhusked rice would lower rice prices as he expressed readiness to ease rice price controls once the market prices of the food commodity go down.<\/p>\n\n\n\n<p>Speaking to reporters in Camarines Sur, Marcos said it is impossible for&nbsp;price adjustments in agricultural goods not to affect other sectors, so the government has undertaken measures to address it.<\/p>\n\n\n\n<p>He cited the imposition of rice rice caps, the giving of assistance to small retailers affected by the price ceilings and the setting of higher buying prices for palay.<\/p>\n\n\n\n<p>\u201cI think once the harvest comes in, because it\u2019s coming in, we are already harvesting and when it comes in, I think we will see prices going lower,\u201d Marcos, also the agriculture secretary, said in Filipino.<\/p>\n\n\n\n<p>\u201cMarket forces. Maybe when the market has lower prices, we can ease the control measures we put in place,\u201d he added.<\/p>\n\n\n\n<p>The Marcos administration has implemented price ceilings on regular milled and well-milled rice to mitigate the impact of soaring rice prices and ensure that the food staple remains accessible.<\/p>\n\n\n\n<p>The price cap on regular milled rice is P41 per kilo while the&nbsp;price&nbsp;cap on well-milled rice is P45 per kilo.<\/p>\n\n\n\n<p>The government is also providing financial aid to retailers affected by the policy, which took effect last Sept. 5.<\/p>\n\n\n\n<p>The National Food Authority Council has also raised the buying prices for&nbsp;palay&nbsp;to augment the income of farmers.<\/p>\n\n\n\n<p>The buying price has been adjusted from P19 to P23 per kilo for dry&nbsp;palay&nbsp;and from P16 to P19 per kilo for wet&nbsp;palay.<\/p>\n\n\n\n<p>In a recent video statement, the President said the production cost of farmers ranges from P14 to P15 per kilo, so the adjusted prices would increase their income.<\/p>\n\n\n\n<p>Last Thursday,&nbsp;National Economic and Development Authority Secretary Arsenio Balisacan said the government would consider other options&nbsp;to stabilize rice prices since the implementation&nbsp;of price caps is just temporary.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Enough but\u2026<\/strong><\/h2>\n\n\n\n<p>In a speech during the distribution of rice to about 2,000 beneficiaries in Iriga City yesterday, Marcos gave assurance that the country has enough supply of the staple, but admitted that the distribution efforts have to be improved.<\/p>\n\n\n\n<p>\u201cThe price was so high, so we were forced to set price caps. But the distribution is not enough,\u201d he said.<\/p>\n\n\n\n<p>\u201cWe have lots of rice although they are not being released properly. So, the supply is not a problem in the Philippines,\u201d the President added.<\/p>\n\n\n\n<p>Marcos said the DA is expecting a better palay harvest this year, but&nbsp;the government has to fix the system related to processes in the farm sector such as&nbsp;planting, research and development, processing, distribution, marketing and retail.<\/p>\n\n\n\n<p>He expressed hope that the public would soon feel the improvements in the production side.<\/p>\n\n\n\n<p>The rice distribution led by Marcos benefited households who are covered by the government\u2019s cash transfer program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Ferdinand R. Marcos Jr. led on Friday the distribution of 1,200 sacks of rice to 1,200 Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries of the Department of Social Welfare and Development (DSWD) and the distribution of assistance from the Department of Agriculture (DA) to farmers in General Trias, Cavite. MANILA, Philippines \u2014 President Marcos expressed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[332,46,159],"class_list":["post-8345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-market","tag-asian-rice","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>Marcos optimistic on lower rice prices - 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=\"Marcos optimistic on lower rice prices - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"President Ferdinand R. Marcos Jr. led on Friday the distribution of 1,200 sacks of rice to 1,200 Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries of the Department of Social Welfare and Development (DSWD) and the distribution of assistance from the Department of Agriculture (DA) to farmers in General Trias, Cavite. MANILA, Philippines \u2014 President Marcos expressed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-24T11:10:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-24T11:11:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-128.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Marcos optimistic on lower rice prices\",\"datePublished\":\"2023-09-24T11:10:48+00:00\",\"dateModified\":\"2023-09-24T11:11:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/\"},\"wordCount\":549,\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-128.png\",\"keywords\":[\"rice market\",\"Asian Rice\",\"Global Rice News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/marcos-optimistic-on-lower-rice-prices\/\",\"name\":\"Marcos optimistic on lower rice prices - 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