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Govt to import 1.3 MMT of rice

By J.Lo

"I think the President will have to discuss or consult  private sector for help… I think we need help of  private sector in situations like these," Agriculture Undersecretary Mercedita Sombilla said  government is planning to import 1.3 million metric tons (MMT) of rice as President Ferdinand Marcos Jr. expressed concerns over  combined impact of Typhoon Egay,  El Niño phenomenon and Russia's withdrawal from  Black Sea Grain initiative on  country's supply of  grain.

During  Palace briefing, Sombilla yet to set  dates of importation, but noted there are pending applications for sanitary and phytosanitary certificates.

FMJ, who also serves as agriculture secretary, said DA has enough buffer stock of rice despite damage left by Egay in Northern Luzon.

FMJ met with officials of DA at Malacañang , a few days after Egay devastated  north.

Egay left approximately P1.94 billion worth of damage to agriculture.

Sombilla said the supply and demand of rice in the country remain reliable so far.

Marcos said  goverment is looking at some "agricultural inputs" to ensure  prices of rice in tmarket will not increase.

With rice supply projected to reach 5.47 MMT in  third quarter of this year and demand at 3.79 MMT, ending stock in  third quarter is projected at 1.69 MMT, which is enough for 45 days based on present consumption,  DA said.

Aside from  effects of  super typhoon, FMJ said t government's preparations for  buffer stock with regard to  impact of El Niño was also discussed during meeting.

"In our discussion, we saw  our rice imports are going down…in an emergency like this, we need to see if we still need to import," FMJ said, adding importation must be studied carefully.

Possibility  of immediate procurement of available rice stocks at  lowest accessible price to cover  15-day buffer stock is among  recommendations presented by DA to FMJ.

Amid  effects of  three global issues, Sombilla said  DA is ready to increase  country's rice production.

"Largest rice production will still come, if not by end of September, it will be sometime in October…we will be beefing up our supply," she said.

She said  decision of Russia to withdraw from  Black Sea grain initiative would have "minimal effect" on Philippine market, similar to effect of  decision of India to ban rice exports.

As these developed, House deputy speaker Ralph Recto warned that Philippines may experience severe rice shortage due to  typhoons and  decisions of some rice producing countries to prioritize local consumption.

Recto described as  "quadruple whammy"  impact of  decision of India to ban rice exports, Vietnam's move to cut its exports by half and  scuttling of  Ukraine grain deal as well as typhoons.

"These developments are  sound of empty pots clanging," Recto said, noting  Philippines remains world's second and sixth largest rice and wheat importer…. "This will really be a strong jab on our stomachs and we should all prepare for this," he said. "you don't need  Nobel to sagely predict  it will have  ripple effect on all grain prices considering big hole it will cause."

Recto warned public what could hit Philippines "directly and painfully" is Vietnam's decision to slash its rice exports to four million tons by 2030 from 7.1 million tons in 2022.

He said floods spawned by Typhoons Egay and Falcon would adversely affect  supply chain as these battered three regions: Ilocos, Cagayan Valley, Central Luzon.

"It would impact rice and corn supply as  affected regions account for 44 percent of  national rice production and 79 percent of corn," he said.

Recto suggested  rice and substitute crops should be produced in areas hardly hit by storms, like Mindanao.

Retail prices of vegetables in local markets have increased by as much as P30 per kilo as  agriculture sector incurs over P1.69 billion in losses due to Egay.

Kristine Evangelista, spokesperson for  DA, said they have seen vegetable prices go up by around P20 to P30 in retail markets, and P10 in government-run Kadiwa centers.

Evangelista said  flow of vegetables to wholesale distributors and retailers was also affected by  typhoon.

She said local government units have been urged to put up more Kadiwa centers to bring in more affordable commodities for their residents. 


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