<\/p>\n
THE government may release rice stocks next week following the declaration of a food security emergency, Agriculture Secretary Francisco Tiu Laurel Jr. said Monday.<\/strong><\/p>\n <\/p>\n <\/p>\n During a Palace press briefing, Tiu Laurel announced that more than 50 local government units (LGUs) had expressed their intention to procure the staple food following the declaration of a food security emergency by the Department of Agriculture (DA).<\/strong><\/p>\n <\/p>\n <\/p>\n The DA declared a food security emergency last week to stabilize the prices of basic commodities and ensure accessibility for millions of Filipino consumers.<\/strong><\/p>\n <\/p>\n <\/p>\n \u201cNag-announce tayo ng food emergency last week, and sa ngayon ay marami nang LGUs ang nag-signify ng intent. Lumalabas kasi sa procedure, may documentation na kailangan na gawin,\u201d Laurel said.<\/strong><\/p>\n <\/p>\n <\/p>\n \u201cHopefully, matapos lahat ng documentation between FTI (Food Terminal Inc.), NFA (National Food Authority) to FTI, FTI to LGU, and by next week ay maro-roll out na hopefully iyan,\u201d he added.<\/strong><\/p>\n <\/p>\n <\/p>\n The food security emergency declaration regarding rice follows the recommendations of the National Price Coordinating Council (NPCC).<\/strong><\/p>\n <\/p>\n <\/p>\n President Ferdinand R. Marcos Jr. earlier said that a declaration of a food security emergency is necessary for the market to function effectively in light of rising rice prices despite a decline in global rice costs and tariff reductions implemented last year.<\/strong><\/p>\n <\/p>\n <\/p>\n The declaration will allow the NFA to sell rice stocks to LGUs and other government agencies at a lower price, free up space in NFA warehouses, and help local farmers through palay procurement for the upcoming harvest season.<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" THE government may release rice stocks next week following the declaration of a food security emergency, Agriculture Secretary Francisco Tiu Laurel Jr. said Monday. During<\/p>\n","protected":false},"author":1,"featured_media":11753,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/11752"}],"collection":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/comments?post=11752"}],"version-history":[{"count":1,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/11752\/revisions"}],"predecessor-version":[{"id":11754,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/11752\/revisions\/11754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media\/11753"}],"wp:attachment":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media?parent=11752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/categories?post=11752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/tags?post=11752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}