Mga magsasaka, nangangamba para sa kita kasunod ng pahayag ng Department of Agriculture... | 24 Oras

Summary

The Philippine Agriculture Department announces a planned rice harvest in January 2025, expecting a price drop from 50 PHP to 45 PHP per kilo. Despite high local palay prices earlier this year, the industry anticipates a decrease by November due to the nearing harvest season. The Federation of Free Farmers credits the expected price drop to the upcoming harvest rather than tariff cuts. However, concerns arise over the potential negative impact on farmers' earnings and the government's obsession with lowering rice prices.

Takeaways

• 📅 The Department of Agriculture announced that the price of rice is expected to decrease by January 2025.
• 🌾 Current rice prices are at 50 PHP per kilo, but are expected to drop to 45 PHP by January.
• 📉 The announcement was made in relation to the lower prices of imported rice stocks.
• 🛒 There are still many stocks of imported rice bought at a high price, but they are running out.
• 📉 Local palay was bought at a high price (PHP 0 per kilo) from January to June, but stocks are also depleting.
• 🌾 The agricultural industry estimates that by November, there will be a shortage of local palay.
• 📉 The price of palay is expected to drop to PHP 3, which could lead to a decrease in rice prices.
• 🌾 There is an expectation of 8 to 9 million metric tons of palay to be bought, which could further decrease rice prices.
• 🤔 There is a question about whether the price of rice will remain low after January.
• 📉 The decrease in rice prices is good news for consumers but may result in lower income for Filipino farmers.
• 📉 The price of imported regular milled rice has dropped by 5 PHP, while local regular milled rice has only dropped by 72 centavos.

Q & A

What announcement did the agriculture department make regarding rice prices?

The agriculture department announced that they will lower the price of rice in January, with the price expected to drop from 50 to 45 pesos per kilo.

What is Sandra Aguinaldo's estimate for the price of rice by January?

Sandra Aguinaldo estimates that if the current price of rice is 50 pesos per kilo, it should be 45 pesos by January.

What is the current situation with the stocks of imported rice?

There are still many stocks of imported rice, but they are gradually running out.

Why were local palay bought at a high price?

Local palay was bought at a high price of 50 pesos per kilo from January to June of this year.

What is the expected harvest time for the upcoming season?

The expected harvest time for the upcoming season is from October to December.

What is the estimated rice production for the coming season?

The estimated rice production for the coming season is 8 to 9 million metric tons.

What is the expected impact of buying palay at PHP3 on rice prices?

If the purchase price of palay is PHP3, it is expected that the price of rice will decrease.

What is the concern of the farmers regarding the lowering of rice prices?

The concern is that the lowering of rice prices will result in reduced income for the farmers.

What is the current price movement for imported regular milled rice?

The price movement for imported regular milled rice is Php5 increase, while local regular milled rice only decreased by 72 centavos.

What is the stance of the Sinag and Federation of Free Farmers on Executive Order 62?

They believe that Executive Order 62, which lowered the rice tariff on imported rice, should not be credited for the expected price drop. Instead, they argue that it should be the removal of the order that is studied.

What is the reported profit of rice importers due to the tariff cuts?

It is reported that rice importers are estimated to have earned 5 billion pesos due to the tariff cuts.

What is the call to action from the rice importers regarding the tariff cuts?

The rice importers are calling for a reaction from the government and the Department of Agriculture regarding the tariff cuts.