The Department of Agriculture (DA) assured the public on Tuesday that the country’s rice supply remains stable and secure despite global oil price volatility triggered by tensions in the Middle East.
Agriculture Secretary Francisco Tiu Laurel Jr. said the Philippines has sufficient rice for the entire year, supported by strong local palay harvests and steady imports from Vietnam and India.
“If ever there will be a problem, it’s not going to be this year,” he said.
Tiu Laurel clarified that the projected 20% decline in palay output represents only a “worst case scenario” if no government interventions are implemented, factoring in higher fertilizer costs due to rising oil prices.
He emphasized that the government is prepared to maintain food security through “early action, strong inventory levels, and flexible policy tools.”
Among the immediate measures already in place are:
- Release of fuel subsidies for farmers
- Targeted distribution of ₱10 billion in Presidential Assistance for Farmers and Fisherfolk
- Use of the quick response fund to procure biofertilizers
- Allocation of an additional ₱20 billion for farm inputs
- Logistical support to ease rising transport costs
The DA also confirmed a steady supply of affordable rice under the ₱20-per-kilogram Benteng Bigas Meron (BBM) Na program.
Tiu Laurel said the initiative uses rice purchased directly by the National Food Authority from local farmers, ensuring affordability for consumers while supporting domestic producers.