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Philippines Considers National Food Emergency Amid Soaring Rice Prices

1/19/2025

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Summary

Story summary

In a bold move, President Ferdinand Marcos Jr. is considering declaring a national food emergency in the Philippines to tackle soaring rice prices. The Department of Agriculture is set to make a decision by January 22, 2025, after the National Price Coordinating Council's recommendations. With rice prices still high despite tariff cuts, urgent regulatory changes are being demanded to restore market stability.

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Story summary

In a bold move, President Ferdinand Marcos Jr. is considering declaring a national food emergency in the Philippines to tackle soaring rice prices. The Department of Agriculture is set to make a decision by January 22, 2025, after the National Price Coordinating Council's recommendations. With rice prices still high despite tariff cuts, urgent regulatory changes are being demanded to restore market stability.