Philippines Now 95% Self-Sufficient In Rice Supply Under President Duterte
The country’s rice self-sufficiency ratio in 2016 improved
to 95.01 percent from 88.93 percent in the previous year, a report from the
Philippine Statistics Authority (PSA) showed.
This meant local production accounted for 95.01 percent of
the total rice supply in the local market.
This development resulted in further reduction in the
country’s dependence on rice imports last year to 4.99 percent of total supply
from 11.07 in 2015.
With a favorable trend in the country’s average rice
production per hectare, Agriculture Secretary Emmanuel Piñol said the
Department of Agriculture’s rice self-sufficiency target could be achieved in
2019, or a year earlier than its original time frame.
However, the PSA said that despite the higher SSR ratio, the
country’s annual per capita production in 2016 fell by 3.12 percent to 111.66
kilograms from the 2006 record of 115.35 kg which serves as the basis for the
index.
This meant the farm sector was not able to produce enough of
the commodity to keep in pace with the country’s population growth.
Secretary Piñol said the DA had been pushing for the
planting of hybrid seeds to boost yield.
The DA’s credit arm Agricultural Credit Policy Council was
given a budget of P970 million for 2018.
Earlier this month, a United Nation’s market monitor
reported that conditions for growing the staple in the country remained
favorable despite the tightening of the global rice market.
Source: INQUIRER
Philippines Now 95% Self-Sufficient In Rice Supply Under President Duterte
Reviewed by Yen
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November 01, 2017
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