The Philippine government is exploring the possibility of declaring a "food security emergency" to address rising rice prices and ensure a stable supply for consumers.
This declaration, supported by the Department of Agriculture (DA), would allow the government to:
1. Release rice stocks from the National Food Authority (NFA) to areas experiencing shortages or price increases. 2. Purchase rice from local farmers to replenish supplies. 3. Import rice if local production cannot meet demand. 4. The goal is to stabilize rice prices and ensure that enough rice is available across the country.
Agriculture Secretary Francisco Tiu Laurel Jr. noted that current NFA warehouses hold approximately 300,000 metric tons of rice. With the harvest season approaching, clearing space for new stocks is necessary. This measure would also help manage prices and support farmers.
President Ferdinand "Bongbong" Marcos Jr. has expressed support for the proposal. The DA is waiting for the formal recommendation from the National Price Coordinating Council (NPCC) before taking action.
Through this initiative, the government hopes to address food security and stabilize the rice market.