Rice inventory up nearly 32% as NFA holdings surge
THE national rice inventory was estimated at 2.625 million metric tons (MMT) on July 1, up 31.9% from a year earlier, and also up 1% month-on-month, the Philippine Statistics Authority (PSA) said.
Davao City readies 500 hectares for durian farms to meet China demand
DAVAO CITY -- Farmers in Davao City’s upland Baguio district have started planting durian seedlings under a project that aims to develop an additional 500 hectares to meet growing demand for the fruit, particularly from China.
LANDBANK targets agrarian reform farmers with P5-B loan program
LANDBANK of the Philippines (LANDBANK) said it has allocated P5 billion for a new loan program to assist Agrarian Reform Beneficiaries (ARBs) in financing rice, corn, and high-value crop production, and the acquisition of small farm equipment.
Davao agri-trade fair expecting buyers from Malaysia, Taiwan
DAVAO CITY -- Buyers from Malaysia and Taiwan are expected to participate in the month-long Kadayawan Agri-Trade Fair 2019, which opened August 1 at the SM City annex grounds.
Kenyan tea glut pushes prices to multi-year lows
NAIROBI -- Kenyan tea prices have slumped to their lowest level in at least five years due to excess supplies and weak demand in the main export markets, the East African Tea Trade Association (EATTA) said on Friday.
Indonesia could fund sustainability certification for palm smallholders
JAKARTA -- Indonesia to issue a new palm sustainability regulation to give greater support for smallholders to get sustainability certificates, Coordinating Minister of Economic Affairs Darmin Nasution said on Wednesday.
India summer crop planting down 6.6% due to weak monsoon
NEW DELHI -- Indian farmers have planted 78.8 million hectares with summer-sown crops so far, farm ministry data showed on Friday, down 6.6% from last year mainly due to a weak start to the monsoon.
Marubeni says US-China trade war weighs on its agri business
TOKYO -- The US-China trade war has weighed on the profits of Marubeni Corp’s US agri-businesses, but the Japanese trading company has no plans to change its US strategy, a senior executive said on Friday.
Davao firm starts shipping fresh young coconut to China
DAVAO-BASED Eng Seng Food Products has started exporting fresh young coconut to China and wants to tap more farmers to meet the demand.
Coffee for Peace to help expand Cotabato arabica production
DAVAO CITY -- Social enterprise Coffee for Peace is planning to help expand arabica coffee production in Alamada, Cotabato to meet growing demand from foreign markets.
Farm financing company targets P100M in loans
FARM financing platform Cropital said it hopes to release up to P100 million in loans by the end of 2019, which will bring its farmer beneficiaries to about 2,500.
Palay farmgate price still falling in early July
THE Philippine Statistics Authority (PSA) said the average farmgate price of palay, or unmilled rice, fell 0.6% week-on-week in the first week of July to P17.78 per kilogram (kg).