Dennis Gasgonia

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Malacañang has greenlighted the extension of the rice import ban until the end of the year to help stabilize farmgate prices of palay, according to the Department of Agriculture.Agriculture Secretary Francisco P. Tiu Laurel Jr. said the Executive Order formalizing the extension of the import suspension will be released on Monday.“With the import ban having little impact on retail prices and supply of rice but a significant effect on the farmgate price of palay, President Marcos deemed it necessary to extend the suspension for two more months,” Tiu Laurel said in a statement on Sunday.<div><a class="fr-green" href="https://www.abs-cbn.com/news/business/2025/10/25/marcos-oks-order-imposing-floor-price-for-palay-1908">Marcos OKs order imposing floor price for palay </a> </div>Tiu Laurel said he recommended the extension to the president as “a necessary measure to provide sustained support to local producers, maintain market stability, and allow a more comprehensive assessment of the policy’s effects.”President Ferdinand Marcos Jr. initially suspended rice imports for two months, until October 31, to counter the sharp decline in palay prices ahead of the wet harvest season.While the measure briefly lifted prices, the gains tapered off as the suspension neared its expiry. Tiu Laurel said that with harvests still ongoing in several regions, the extended import ban—together with the rollout of the Sagip Saka program and the establishment of a floor price for palay—should help support struggling rice farmers.In an earlier Senate hearing, the Agriculture chief noted that over-importation and poor-quality harvests in some areas, worsened by bad weather, had depressed farmgate prices. Department of Agriculture projections show that rice availability will remain adequate even under a 120-day import suspension.<div><a class="fr-green" href="https://www.abs-cbn.com/news/nation/2025/10/27/lawmaker-rues-lack-of-specific-palay-floor-price-in-eo-100-1718">Lawmaker rues lack of specific palay floor price in EO 100 </a> </div>

Malacanang has greenlighted the extension of the rice import ban until the end of the year to help stabilize farmgate prices of palay, according to the Department of Agriculture.

Malacanang has greenlighted the extension of the rice import ban until the end of the year to help stabilize farmgate prices of palay, according to the Department of Agriculture.

Palace approves extension of rice import ban until end of 2025

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Palace approves extension of rice import ban until end of 2025

ABS-CBN News

Published November 02, 2025 05:06 PM PHT

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