AreaPhilippines

Commodity GroupRice

CommodityAll

Date18/10/2019

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionAnnounced that it would provide rice producers cultivating up to 1 ha with a one-time direct cash outlay of PHP 5 000 (USD 97) to help them cope with declines in paddy prices. The cash assistance would be provided on top of credit support available through the Expanded Survival and Recovery Assistance Program for Rice Farmers (SURE Aid Program), and would be financed by funds accrued from tariffs levied on rice imports.

NotesExchange rate as of 15 October 2019.