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BBM Highlights Record-High Palay Production

  • Writer: By The Financial District
    By The Financial District
  • Jul 22, 2024
  • 2 min read

President Ferdinand R. Marcos Jr. highlighted on Monday the country’s record-high local palay production despite the effects of the El Niño phenomenon and global challenges.


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The Chief Executive vowed to prioritize boosting local production and improving the entire value chain in the agriculture sector to address the spiking prices of retail rice. I Photo: Department of Agriculture


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"Sa kabila ng hamon na ating kinakaharap, nasaksihan natin ang pinakamataas na ani ng palay sa bansa nitong nakalipas na taon. Pumalo ito sa lagpas dalawampung milyong tonelada, pinakamataas na ani mula (Despite the challenges that we have faced, we witnessed the highest palay harvest in the country last year. It hit 20 million tons, the highest harvest since) 1987," he said during the third State of the Nation Address (SONA).


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Marcos, however, reported that this is only equivalent to 13 million metric tons of rice, short of the country’s 16 million MT demand, which prompted importation.


The Chief Executive vowed to prioritize boosting local production and improving the entire value chain in the agriculture sector to address the spiking prices of retail rice.


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"Lokal na produksyon pa rin ang ating bibigyan ng halaga. Kaya patuloy nating sinusuportahan ang sektor ng agrikultura upang mapabilis, mapadali at mapalakas ang produksyon (We will give importance to our local production. That’s why we are supporting the agriculture sector to speed up, ease, and strengthen the production)," Marcos added.


Marcos also vowed to continue operating Kadiwa centers nationwide to provide cheaper rice and basic commodities to Filipinos.


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Through the Kadiwa centers, the vulnerable sector, including members of the Pantawid Pilipino Program (4Ps), senior citizens, solo parents, and persons with disabilities (PWDs), secured access to the aging but good rice stocks from the National Food Authority (NFA) worth PHP29 per kilogram.


The Chief Executive, meanwhile, mentioned the continuing actions to combat illegal price manipulations and agricultural smuggling in the country, with the seizure of around PHP2.7 billion worth of smuggled agricultural commodities.


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“We were constrained to temporarily implement mandated price ceilings of rice. We also extended the reduced tariff rates on the importation of rice, corn, and pork until the end of this year,” Marcos added, saying these are just temporary actions to minimize their impact.


Overall, Marcos reported the distribution of over 100 million kilograms of seedlings and fertilizers to farmers, more than 300,000 layers to the poultry sector, provision of technical and financial assistance to modernize farming, and the target completion of 1,200 kilometers of farm-to-market roads, among others.


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For the fishing sector, the Marcos administration distributed over 500,000 fingerlings, 3,000 fishing vessels, and improved fish ports and cold-storage facilities, as well as the target rollout of vaccines against African swine fever (ASF) to help the poultry sector recover.



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