Investment to support the Philippines’ drive for rice
self-sufficiency
Growing rice
consumption in the Philippines has created a host of challenges and
opportunities for stakeholders, as an ongoing lack of mechanisation and
post-harvest inefficiencies have prevented the government from meeting its
goal of achieving rice self-sufficiency. Although palay (unhusked rice)
production has made steady gains in recent years, farmers continue to face
high costs due to the lack of technological uptake. This has led to heavy
importation, with the current administration recently awarding two high-value
contracts to foreign firms for buffer stock supply. Mechanisation, most
likely to be achieved through private sector investment, represents a
promising means of increasing rice production in the future.
Comprising primarily
coconut, sugarcane and rice crops, in addition to ... Read
more.
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