MANILA, Philippines — The Department of Agriculture (DA) is eyeing the country’s major retail chains to distribute affordable rice nationwide, emphasizing their crucial role in reaching many consumers.
A statement on Thursday said that DA Secretary Francisco Tiu Laurel Jr. met with representatives of major retail chains on Tuesday to discuss the initiative.
Article continues after this advertisementREAD: Gov’t rolls out ‘P29 per kilo’ rice program for low-income folk
FEATURED STORIES BUSINESS BIZ BUZZ: Another deputy governor set to exit BSP BUSINESS Starbucks' policy change flushes out debate over public restroom access BUSINESS John Hay Golf Club disputes BCDA’s ‘sabotage’ claim during takeover“This is a solution that we believe will stabilize rice prices faster and more efficiently,” Laurel said in the same statement.
“But we need to find the right balance to operationalize this properly and secure everyone’s cooperation,” Laurel added.
hideous slotsArticle continues after this advertisementLaurel also said that the initiative will be monitored for a few months before it goes on “potential expansion” across other regions that also experience fluctuations in rice prices.
Article continues after this advertisementThe DA noted that the initiative will be implemented in Metro Manila, where it will distribute the P29 rice for vulnerable sectors and the Rice-for-All program that offers various rice grades.
Article continues after this advertisementThe agency added that Food Terminal Inc. will operate the supply and packaging of rice that will be distributed to the participating retail chains.
READ: DA eyeing Kadiwa outlets in Metro Manila public, private markets
Article continues after this advertisementLast Tuesday, Laurel called for establishing Kadiwa stores in all public and private markets in Metro Manila where P29 per kilo of rice can be sold to vulnerable sectors.
Preliminary data from the agency showed the consumer price index slowed to 1.9 percent year on year in September, easing from 3.3 percent in August and 6.1 percent in 2023.
He also said that the National Food Authority will sell rice to local government units at P36 per kilo starting in February 2025.
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