Dennis Gasgonia

Article (news)

ABS-CBN News

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

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Traffic

Manila

Horoscope

Business

Palace approves extension of rice import ban until end of 2025

ABS-CBN News

Published Nov 02, 2025 05:06 PM PHT

Read More:

Palay

Department of Agriculture

Extension

Importation

Malacanang

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.