This is AI generated summarization, which may have errors. For context, always refer to the full article.Determined to reduce debilitating food inflation by focusing on that one staple with the highest impact on kitchen table costs, BioPrime Agri Industries Incorporated , a Philippine company incorporated in 2019, started developing inexpensive non-chemical and non-synthetic fertilizers in the country.
From inside the farmgate, on the side of the farmers who are often left to carry the heaviest burdens of raw input costs, BioPrime Philippines is likewise aggressively providing essential support that spells the difference between low and high productivity, low and higher incomes earned, and true inclusive growth specific for our rice farmers.
Three, following the Vietnamese carbon credits model in which BioPrime Philippines helped develop along the Mekong Delta, using high-tech drone technology, the company seeks to generate carbon credits where its income is shared with farmers who use BioPrime. This is in addition to the company’s commitment to allocate 2.5% of gross revenues to non-profit programs that support farmers though education, technology transfer, and farm sustainability programs.
Five, due to price volatilities of imported petroleum and chemical-based fertilizers, with the outbreak of the Russia-Ukraine conflict, fertilizer prices increased exponentially from P800 per bag of urea to as much as P3,000 per bag. In comparison, BioPrime prices showed no fluctuations. The product has effectively zero correlation to fossil fuels and energy prices.