• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

Subsidized P20-per-kilo rice rolled out in Cebu

by May 1, 2025
May 1, 2025

THE Department of Agriculture (DA) launched its P20-per-kilo subsidized rice program in Cebu City on Thursday.

“Today, Labor Day, we fulfill a promise made three years ago by President Marcos to the Filipino people: to bring down the price of rice to P20 per kilo,” Agriculture Secretary Francisco P. Tiu Laurel, Jr. said.

Accompanying the launch, Food Terminal, Inc. and Cebu province signed a memorandum of agreement on the shared subsidy of the P20-per-kilo rice pilot test in the province.

Expected to run until December, the pilot test will cover other parts of the Visayas, benefiting 800,000 households or about 4 million people.

“President Marcos has directed the DA to draw up plans to extend this food program until 2028 and expand it nationwide to cover as many financially challenged Filipinos as possible,” DA said.

Meanwhile, local government units in Cebu have started drawing stocks from the National Food Authority (NFA) warehouse. Between April 29 and May 1, they withdrew 3,700 50-kilo bags of rice.

“NFA continues to reposition stocks from rice-producing areas in the Visayas and from Mindoro to areas like Cebu that have little rice output,” DA said.

The subsidized rice sales are being billed as part of the KnP20 program (Katuparan ng Pangakong P20 na Bigas).

Under the law, the NFA is not permitted to sell rice directly to the general public, but KnP20 makes it available to targeted beneficiaries. Each qualified household, typically from the more vulnerable segments of society, may purchase up to 30 kilos a month, the DA said.

Initially the DA planned to roll out the program in 16 locations across Metro Manila.

Meanwhile, the DA said it is currently awaiting clarification from the Commission on Elections (Comelec) on whether the program is exempt from the May 2–12 ban on the distribution of government aid during the election period.

“If Comelec disallows rice distribution during the restricted period, the DA plans to start selling the subsidized rates in earnest right after the midterm elections,” it added.

Mr. Laurel said he hopes Comelec will grant an exemption as the program can alleviate financial pressure on low-income families while also helping decongest NFA warehouses. — Justine Irish D. Tabile

previous post
Philippines applying to join CPTPP this year
next post
Gov’t cash utilization rate hits 99% in first quarter

You may also like

German startup keen on tackling e-waste in developing...

June 5, 2025

Solar, energy-efficiency program for schools, gov’t hospitals to...

June 5, 2025

Food and beverage tops list of leading FMCG...

June 5, 2025

ADB to fund four PHL RE, energy-efficiency projects

June 5, 2025

PEZA sees Chinese interest in locating, expanding in...

June 5, 2025

PHL offers ‘denuded’ forest land to investors

June 5, 2025

Gov’t ‘satisfied’ with progress of trade negotiations with...

June 5, 2025

CAB seeking to expand India air service agreement

June 5, 2025

Gov’t-funded vessel to bring fish buyers to WPS...

June 5, 2025

La Union court rejects claim on Poro Point...

June 5, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • WATCH: Project Veritas Releases Video of David Hogg Trashing Bill Maher After Appearing on His Show

      June 6, 2025
    • We Already Have ‘Common Sense’ Gun Laws – And They May Have Stopped Illegal Immigrant’s Terror Attack from Becoming a Massacre

      June 6, 2025
    • BREAKING: Deported MS-13 Gang Member Kilmar Abrego Garcia On Way Back to United States, Faces Criminal Charges – (Pam Bondi Presser)

      June 6, 2025
    • NEW: Kash Patel Says FBI Found Phones and Devices Fauci Used During COVID Outbreak and is Looking at Hard Drives (VIDEO)

      June 6, 2025
    • White House Releases Message on the 81st Anniversary of D-Day

      June 6, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick