Despite sufficient rice supply, farmers fear low prices after 'Kristine' losses

MANILA, Philippines — The Department of Agriculture (DA) reported on Wednesday, October 23, that rice stocks are enough to last through the rest of 2024, despite agricultural losses brought by Severe Tropical Storm “Kristine” (international name: Trami).

Agriculture Spokesperson Arnel de Mesa, in an interview with state media PTV, said that the country is not "worried" about its rice supply, pointing to rice importation as a key factor.

“It is because of rice imports that have arrived and are expected to arrive. Based on historical trends, our stock inventory can still last up to 100 days after the end of the year. So, we are not worried about our supply,” De Mesa said in a mix of English and Filipino.  

In a press release on Wednesday, the agency announced that the country anticipates a rice supply of 3.83 million metric tons (MMT) by the end of the year, sufficient to meet 100 days of consumption. As of October 14, the country has received 3.57 MMT of rice imports. 

Meanwhile, the agency projects annual palay production to reach 19.41 MMT, equivalent to 12.69 MMT of milled rice. This is a decrease from the total palay output of 20.06 MMT in 2023. 

A metric ton is equivalent to 1,000 kilograms. 

Damages. According to their initial assessment, the DA estimates that rice and corn plantations in the Bicol Region, particularly Camarines Sur and Camarines Norte, have suffered agricultural damage amounting to P9.75 million.

Severe Tropical Storm Kristine has impacted 234 farmers and 209 hectares of agricultural land, with two-thirds of this area expected to be irreparable. Projected production losses include 591 metric tons of palay and 7.50 metric tons of corn.

Response. The DA Regional Field Offices (RFO) are actively monitoring damage, issuing advisories to local stakeholders, conducting price assessments and mobilizing logistical support for affected communities.

The agency is also providing assistance by distributing agricultural inputs, including rice, corn, vegetable seeds, and biologics or medicine for livestock, across Central Luzon, Calabarzon, Mimaropa, Bicol, Eastern Visayas, and Caraga.
 
Farmers can access loans of up to P25,000 through the Agricultural