1/20/2024 0 Comments Rice export philippinesAdd its 7% productivity funding subsidies and an incremental 20% export tax where it actively commits to assist its own rice farmers. It cited a non-export policy given its current concerns on its late monsoon effects. India however denies it agreed to export. When the latter amount could not be filled by Thailand and Vietnam, both relatively high priced major rice exporting economies, Indonesia quickly negotiated one million metric tons from India. Last March, Indonesia augmented its buffer stock by ordering two million metric tons of which 500,000 was for immediate delivery. Our neighbors are not as sluggish or internally fractured. This invariably forces us to import, not to simply augment the buffer but to put food on the table. The estimates of the current buffer stock according to the Food Balance Sheet show a massive depletion by this month. Our weaknesses result from resurgent corruption, cartelization, crony capitalism, leadership incompetence and a failure to unify constantly combatting bureaucrats – all of which have returned with a vengeance under the Marcos administration. That is effectively a decline from the Duterte administration to Marcos’s. Debunking government pronouncements, our largest rice-miller groups from Isabela and Mindoro say their year-on-year stocks have fallen. Unable to source from Bukidnon, Northern Mindanao traders now rely on importations. Imagine incremental transport costs that bloat mill-gate prices. In Mindanao, the largest rice mill located in South Cotabato was forced to source from as far away as Mindoro. June and July data validate this while August will see our buffers scraping the bottom. The recent Indian rice export ban has created global shortages and astronomical import prices that compel private importers to rethink their strategies. China and the Philippines are among the largest net importers. Net rice exporter India accounts for over 40% of global rice exports. ![]() While presidential whispers say there was a bumper crop and current buffers are adequate, ground-level reality differs. Unfortunately, too many tongues wag while too few medulla oblongata cells work, thus validating Einstein’s parable. Grabbing the presidential ear is now part of the one-upmanship game they play. Among the DA’s internal dynamics, factionalism has worsened as warring interests plot and exert control on weak or non-existent leadership. ![]() Note the constant Whack-a-Mole controversies within its bungling bureaucracy. It is ironic as Marcos, armed with presidential powers, presides over an internally dysfunctional agency.įocus on the DA’s internal discord under Marcos. Where rice buffers are concerned, the NFA has the data. Employing five prospective scenarios using risk and sensitivity analysis models, each with importations, we are likely to have depleted less-than-zero rice stocks under three scenarios while two result in either 48.1 days or 6.8 days. Unfortunately, not everyone at the DA or its attached agencies like the National Food Authority (NFA) agrees. Currently the DA has declared that it has slightly a third of that, roughly a month and a week if they are to be believed. In 2022, in the wake of a precedent rice crisis, those buffers were set at a minimum of 90 days. The crash would have been mitigated had the importations been to increase rice buffer stocks. The 2022 rice crisis he oversaw but failed to solve is now history. debuted at the DA with a series of reckless and ridiculous importations, from sugar and rice, to onions, garlic, and even salt. We permitted the resurrection of the evil we once encountered half a century ago.įerdinand Marcos Jr. ![]() Given the 2022 electoral mandate that allowed these politicians the power to toy with our lives, perhaps the Filipino is just as demented. Indeed Einstein’s parable of quantum insanity curses us where our highest officials constantly repeat the same palliatives applied to food shortages, each time expecting different outcomes. ![]() For an impotent if not derelict Department of Agriculture (DA), it is a testament to the truism of insanity’s definition. And never mind that the MIF seeding robs the Land Bank of the Philippines and the Development Bank of the Philippines substantial capital needed by the agricultural sector. Never mind the eventual ravaging of the economy. It is as certain as was the imprimatur on the notorious Maharlika Investment Fund (MIF) and the futility of overwhelming reason arrayed against it. And it is well on its way to becoming another massive, expensive, and panic-ridden recurring nightmare. The crisis is as certain as it has begun.
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