Phl agri sector’s resilience paves way to all-time palay yield of 19.44 MMT in 2020 Despite losing about 419,560 metric tons (MT) of palay due to several typhoons, the country is seen to attain a record harvest of 19.44 million MT this year.
The Philippine Statistics Authority (PSA) projected that the country’s palay production for 2020 would reach 19.44 MMT, comprised of the actual production of 11.9 MMT, from January to September, and projected harvest of 7.54 MMT for the fourth quarter (Q4), based on standing crop as of November 1, 2020.
“We can say that Filipino rice farmers are starting to reap the benefits from the Rice Tariffication Law (RTL), particularly from the annual P10-billion Rice Competitiveness Fund (RCEF), including our regular rice program and rice resiliency project,” the DA chief William Dar said. RCEF has already proven its effectiveness even during these challenging times. We are confident that we can achieve more in terms of productivity as our economy opens up, and demand for locally-produced rice stabilizes,” he said.
The RCEF, institutionalized through Republic Act No. 11203 or the Rice Tariffication Law, authored by #SenatorCynthiaVillar seeks to improve the Filipino rice farmers' competitiveness and income in the wake of the local rice trade policy's liberalization. The Bureau of Customs is mandated by the measure to remit the excess funds to #DA, #PhilMech, #PhilRice, #LandBank, #DBP, #TESDA, #ATI.