DA Eyes Stronger Palay Prices as Import Ban Extension Approved
Manila: The Department of Agriculture (DA) on Monday expressed optimism that farmgate prices of palay (unhusked rice) will continue to strengthen as the government approved the rice import ban until the end of 2025. Agriculture Secretary Francisco Tiu Laurel Jr. told the Philippine News Agency that the extension took effect on Nov. 1, although the DA is still awaiting the issuance of the final order. According to Philippines News Agency, in an earlier interview, DA spokesperson Assistant Secretary Arnel de Mesa said the agency is expecting to receive a copy of President Ferdinand R. Marcos Jr.’s order within the day.