“If rice prices go up in the global market, local rice prices will follow. If production declines this main wet season due to high fertilizer and petrol prices, and global rice price rise, we will see signicant increases in rice prices by the end of this year,” DA Undersecretary Fermin D. Adriano said in a statement.
Agriculture Secretary William D. Dar said that the department currently has P3 billion in fertilizer subsidies for rice and corn farmers, but that it requires more than this to accommodate the needs of farmers during the wet planting season. “Otherwise, the decrease in production may happen because the farmers are not able to apply the levels of fertilization they had last year,” he added.“So that we can still buy the same prices now that are very affordable. India is one of the markets where we can buy [that] price,” he added.The agriculture secretary said that President-elect Ferdinand R. Marcos, Jr.
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