Rice market’s stability threatened by rising input costs

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Soaring prices of farm inputs and the effects of climate change are threatening the stability of the rice market, which is a main concern for countries like the Philippines, according to the OECD Development Center. | RonWDomingoINQ /PDI

In a bulletin dated March 9, the United States-based Climate Prediction Center declared that the La Niña phenomenon that brings greater than normal rainfall to the Philippines has ended.

“Rice, one of the most important staples in Southeast Asia [which includes the Philippines], plays a vital role as the source of nutrition for the region’s increasing population,” the OECD DC noted. The group added that efficient use of scarce water resources and improved irrigation systems to alleviate the adverse effects of droughts will be vital for food security in Southeast Asia.

According to the Philippine Statistics Authority, the increase in prices of rice accounted for 0.2 percentage point of the 7.6-percent inflation recorded in March.On March 7, President Marcos approved the creation of the Inter-Agency Committee on Inflation and Market Outlook as an advisory body on strategies to alleviate inflation and ensure food and energy security, while balancing the interests of domestic food producers, consumers and the broader economy.

 

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RonWDomingoINQ Mag-switch na kaya tayo to corn? Masarap naman ang mais.

RonWDomingoINQ Primary problem here is political climate. Seconday ang climate change :)

RonWDomingoINQ 20/kg, anuna 😬😬

RonWDomingoINQ

RonWDomingoINQ Where’s the P20 / KG? 🤣🤣🤣 Greatest scam bongbongmarcos. 🤣🤣🤣 Since you became President. Literal you’re just pure talk.

RonWDomingoINQ ... the ₱20/kg of rice is coming. We just don't know if it's the Price or the Increase? ☝️🤔👈

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