With over 17 million poor households in the Philippines, an economist pointed out that the price of rice has to be brought down after increasing from P38 per kilo in the first months of 2022. Based on data from the Department of Agriculture (DA),

The Philippines, among the world's largest rice importers, declared on Monday a food security emergency to bring down the cost of rice, which it said has stayed elevated despite lower global prices and a reduction in rice tariffs last year.

The Philippines on Monday declared a food security emergency to bring down rice prices, which officials said have remained high despite hefty tariff cuts.

The annual rate of increase in rice prices hit a 15-year high in 2024. The Philippines is among the world’s largest rice importers.

Emergency declaration will help government release buffer stocks to bring down prices, says official - Anadolu Ajansı

The Department of Agriculture (DA) on Monday declared a food security emergency for rice due to an “extraordinary” spike in rice prices in the country. The declaration, under Department Circular No. 3,