Farm-gate prices of palay to suffer due to late arrival of imported rice
Agriculture Secretary Emmanuel Piñol said the farm-gate price of locally produced paddy rice, which went up to an unprecedented level, could fall drastically this harvest season because of the delay in the arrival of imported rice from Vietnam and Thailand.
“As the prospect of imported rice flooding the market just as the local farmers are harvesting their paddy rice looms, the Philippine Statistics Authority (PSA) reported a few days ago that the national average farm gate price has fallen to an all-time high of P22 per kilo has fallen to P21.50,” Piñol said.
“Prices are expected to fall further at peak harvest season because this will be the time when the imported rice is expected to reach the market,” he added.
Traditionally, imported rice are scheduled to arrive in the country during the lean months or the period when the local farmers have planted their new rice crops after the Wet Season Planting.
These lean months are June, July, August and early September which will end when harvests start mid-September to late November.
The issuance of the import permits both for NFA and the private sector, however, was delayed because of a disagreement between the NFA and the NFA Council over the mode of importation or whether to push through with it.
The conflict dragged for several months and was only resolved when President Rodrigo Duterte finally stepped in and ordered the NFA Council to fast-track the importation.