The Department of Agriculture (DA) is optimistic that farmgate prices of palay (unhusked rice) will continue to rise following the government’s decision to extend the rice import ban until the end of 2025.
Agriculture Secretary Francisco Tiu Laurel Jr. confirmed that the extension took effect on Nov. 1, while the DA awaits the release of the final order from Malacañang.
“The main objective, first, is to strengthen the prices of palay,” said DA spokesperson Assistant Secretary Arnel de Mesa.
Since the import restriction was implemented, farmgate prices have climbed to PHP14 per kilogram—and even PHP16 per kg in some areas—compared to just PHP8 to PHP10 per kg at the start of the harvest season.
The DA said the policy aims to boost the consumption of locally produced rice and support Filipino farmers.
“The supply of imported rice in retail stores is really thin. So, when it’s extended, it may really be gone by the end of the year,” De Mesa added. “What’s good is that here, we have locally produced rice.”
Despite the tighter import supply, De Mesa noted that retail prices of imported rice remain stable.
As of Nov. 1, premium imported rice in Metro Manila sells for PHP48.23 per kg, while well-milled rice costs PHP41 per kg, and regular-milled rice PHP39.55 per kg. For local rice, prices range from PHP37.15 to PHP48.56 per kg depending on the type.
The DA also vowed to continue strict market inspections and warned retailers against overpricing.