"We are trying our best to figure out and think of ways (to achieve the P20 per kilo of rice). Almost every week, this (P20 per kilo of rice) is our major topic, on how to bring down (the retail price of rice) to the level of P20 (per kilo)," Tiu Laurel said in a television interview hours before the third State of the Nation Address (SONA) of President Marcos yesterday.
Reducing the price of rice to P20 per kilo was one of the campaign promises Marcos made during the 2022 presidential race.
"It is for this reason that we started our initial target as we need to implement a step-by-step approach. If we can achieve our initial target and the P29 per kilo (of rice) becomes sustainable for our disadvantaged (sectors) in Kadiwa centers, we will try to expand this and try to lower (the retail prices of rice) up to P20 (per kilo)," Tiu Laurel said.
The Kadiwa outlets sell rice at P29 per kilo every Friday, Saturday and Sunday to vulnerable households that include members of the Pantawid Pamilyang Pilipino Program (4Ps), solo parents, senior citizens and persons with disabilities.
"It involves a lot of things. It needs a whole-of-DA, wholeof-nation approach, from the cost of seeds, postharvest, roads, cheap fertilizer and the need for higher recovery of palay during drying," Tiu Laurel added.
Tiu Laurel said that the DA targets to increase the recovery rate of palay to 67 percent from 55 percent.
This story is from the July 23, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 23, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Travellers cooking up new concept with Gordon Ramsay
Travellers International Hotel Group Inc., the leisure and tourism arm of Andrew Tan's Alliance Global Group Inc. (AGI), could be cooking up something new with internationally renowned and multi Michelin-starred chef Gordon Ramsay.
Tiu refiles civil case vs Greenergy, MIS
The camp of businessman Antonio Tiu has refiled a civil case against listed Greenergy Holdings Inc.and MIS Maritime Corp. following an earlier court dismissal.
BSP profit soars to P85.5 B in H1
The Bangko Sentral ng Pilipinas (BSP) more than tripled its earnings to P85.5 billion in the first half, from P19.86 billion in the same period last year, mainly driven by higher revenues and lower spending.
Teach the brat respect
Once in a while, some members of Congress manage to remember their obligation to the nation.
AYALA LAND'S 36-YEAR LEGACY OF TRANSFORMING PHILIPPINE REAL ESTATE
For more than three decades, Ayala Land, Inc. (ALI) has been an integral part of the lives of generations of Filipinos. As a trailblazer in the property industry, the company has continuously created vibrant communities that have become home to families, businesses, and individuals.
It's too late
“And it’s too late, baby, now it’s too late. Though we really did try to make it. Something inside has died. And I can’t hide, and I just can’t fake it.”
Semirara sees better earnings in H2
Consunji-led Semirara Mining and Power Corp.(SMPC) is poised for a financial uplift in the second half of the year amid stable coal prices and a revitalized energy business.
AGI investing $300 M for new Boracay resort
Alliance Global Group Inc.(AGI) of tycoon Andrew Tan intends to pour in about $300 million for the development of another integrated resort development in the Visayas.
What to expect under a new NAIA
They say a journey of a thousand miles begins with a single step.What is this single step then when the task is to rehabilitate a 76-year-old airport known to many as one of the world's worst gateways?
Foreign debt jumps to $130.2 B in June
The country's external debt hit another all-time high of $130.18 billion as of end-June, inching up by 1.2 percent from $128.69 billion in end-March as both the national government and the private sector borrowed more from offshore creditors.
