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  • 菲律賓國旗

  Department of Agriculture officials in the Philippines observe stable pricing for rice

  According to Agri officials see stable rice prices | Inquirer Business, a Department of Agriculture (DA) official stated that better production and the arrival of imported rice from India next month are expected to stabilize retail prices of rice, particularly during the holiday season.According to Agriculture Assistant Secretary Arnel de Mesa, authorities anticipate that prices would stay steady and won't rise to the P52 per kilogram level as previously noted.The 295,000 metric tons (MT) of rice from India are anticipated to arrive in the nation in December, according to the DA official.As previously mentioned, on October 18, the Indian Ministry of Commerce and Industry announced that 1.03 million MT of rice will be sent to seven nations: Nepal, Cameroon, Cote d'Ivoire, Republic of Guinea, Malaysia, the Philippines, and Seychelles.Despite India's July export ban on non-basmati white rice, the Philippines was given the largest share.Additionally, According to Agri officials see stable rice prices | Inquirer Business, the Department of Agriculture official stated that the country will have a 90-day buffer stock of palay as local output will increase.The third quarter of 2023 saw a minor increase in palay output of 0.21 percent to 3.79 million metric tons (MT), according to statistics released by the Philippine Statistics Authority (PSA).Western Visayas led the list among the regions, with 726,642 MT, or 19.1% of the overall volume. Nonetheless, the volume decreased by 14% from the previous year.According to Agri officials see stable rice prices | Inquirer Business, second place went to Cagayan Valley, with an overall share of 476,343.22 MT, or 12.5%.

  2023-11-06 03:00
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  • 菲律賓國旗

  In Q3, the Philippines' agricultural output drops more gradually

  According to Philippines' agricultural output shrinks at slower pace in Q3 | The Star, During the July-September period, the Philippines' farm and fisheries annual production by value decreased for the second consecutive quarter as agricultural and fisheries output decreased. However, the rate of loss moderated, lessening the impact of the rural sector on growth.According to data released by the Philippine Statistics Authority (PSA) on November 8, livestock and poultry output increased 2.5% and 2.9% in the third quarter, respectively, offsetting the 0.4% and 6.1% decline in crop and fisheries production.Almost half of the product produced by the agriculture industry is made up of crops. According to Philippines' agricultural output shrinks at slower pace in Q3 | The Star, the agriculture sector contributes less than 10 percent of the total production of the domestic economy.During the September quarter, according to Philippines' agricultural output shrinks at slower pace in Q3 | The Star, the nation's paddy rice crop increased by 0.2% over the previous year, which was less than the 1.1% growth of the previous quarter.The government was closely observing the possible effects of El Nino on food prices, according to President Ferdinand Marcos Jr., who previous recently resigned from his position as secretary of agriculture and gave the position to an executive from a local corporation.According to Philippines' agricultural output shrinks at slower pace in Q3 | The Star, the consumer price index for the Philippines, which includes food as half of its total price, increased 4.9% in October after rising 6.1% in September, but this was insufficient to allay concerns about inflation held by the central bank.As the risk to its inflation projection through 2025 was heavily skewed to the upside, the central bank warned late on November 7 that it was ready to take further policy action if required to fix inflation expectations.Concerned that inflation would get out of control, it provided an off-cycle boost of 25 basis points last month. With an average inflation rate of 6.4% so far this year, it is still much higher than the comfortable range of 2% to 4%.The 3rd quarter annual economic growth figures, which are scheduled for release on Thursday, would be available by the time the central bank convenes on November 16. Second-quarter growth of 4.3% would be surpassed in the third quarter, according to Finance Secretary Benjamin Diokno.Additionally, according to Philippines' agricultural output shrinks at slower pace in Q3 | The Star, the statistics office said on November 8 that the nation's jobless rate increased slightly from 4.4% to 4.5% in September.

  2023-11-09 03:00
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  • 菲律賓國旗

  PM Kishida of Japan will visit the Philippines on November 3–4

  According to Japanese PM Kishida will be in PH from November 3 to 4 | Global News (inquirer.net), the Presidential Communications Office (PCO) announced on October 31 that Japanese Prime Minister Fumio Kishida will be in the Philippines this week to reiterate Tokyo and Manila's close relations.The Presidential Communications Office (PCO) reported that on Friday, November 3, during ceremonies at the Malacañang Palace, President Ferdinand Marcos Jr. will formally welcome Kishida, citing the Department of Foreign Affairs (DFA). Kishida will remain in the nation till November 4.According to Japanese PM Kishida will be in PH from November 3 to 4 | Global News (inquirer.net), the PCO statement reported DFA as saying that the two leaders will meet bilaterally to discuss issues of shared interest, including people-to-people connections and cooperation in the political, security, economic, and development domains.Kishida and Marcos, according to the PCO, are anticipated to reaffirm Philippine-Japanese relations and share opinions on regional and global concerns.During his February visit to Japan, according to Japanese PM Kishida will be in PH from November 3 to 4 | Global News (inquirer.net), President Ferdinand Marcos Jr. met with a number of investors and business executives in addition to holding a bilateral meeting with Kishida and an Imperial Audience with Emperor Naruhito and Empress Masako.

  2023-11-02 03:00