December 2024

DA mulls declaring ‘food security emergency’ to stabilize rice prices

The Department of Agriculture in the Philippines is planning to declare a “food security emergency” to control escalating rice prices. Agriculture Secretary Francisco Tiu Laurel Jr. is considering this step to stabilize the market amid concerns of price manipulation and inflation. The DA may use unutilized funds to buy rice and employ measures like removing brand labels on imported rice to prevent exploitation.

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