THE Philippine Rice Research Institute (PhilRice) estimates that the cost of production in the Philippines was P12.72 per kilo between 2013 to 2014, while the Thai cost was equivalent to P8.86 and Vietnam’s P6.22. Only Indonesia performed worse at P15.74.
THE Philippine Rice Research Institute (PhilRice) estimates that the cost of production in the Philippines was P12.72 per kilo between 2013 to 2014, while the Thai cost was equivalent to P8.86 and Vietnam’s P6.22. Only Indonesia performed worse at P15.74.
At such high cost levels, the Philippine Statistics Authority estimates that a farmers net return per hectare was P33,349 in 2018, up 43%.
The governments main tool for addressing competitiveness is the Rice Competitiveness Enhancement Fund (RCEF), a feature of the Rice Tariffication Act (Republic Act 11203) signed in March. The fund will support farm mechanization, credit, training, seed provision, and other programs to help farmers eventually compete with their low-cost Southeast Asian neighbors.
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