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MANILA, July 4 (Reuters) – Philippine President Ferdinand Marcos Jr vowed on Monday to do what it takes to spice up his nation’s rice and corn manufacturing, in search of to scale back reliance on imports and keep away from being hit laborious by a meals disaster now looming internationally.
Marcos, who was sworn in as president final week and has appointed himself agriculture minister, mentioned the Philippines – the world’s second-biggest rice importer – was now at a disadvantageous place over its meals provide.
“After we look around the globe, everyone seems to be getting ready for it,” Marcos mentioned throughout a gathering with senior agriculture officers, referring to the meals disaster.
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“So we should always actually pay shut consideration to what we are able to do.”
Marcos involves energy at a crucial time, with inflation at its highest in additional than three years and because the world faces a tightening meals provide, ensuing from the battle between main cereals exporters Russia and Ukraine.
A transcript of the assembly supplied by the presidential talked about no particular remedial measures or targets, however Marcos mentioned the federal government would guarantee affordability of meals costs.
To make sure long-term meals sufficiency and affordability, Marcos reiterated a marketing campaign promise to “reconstruct our worth chain”, inside his six-year time period, to reduce dependence on meals imports.
He additionally sought a assessment of a 2019 Rice Tariffication Regulation, which opened the Philippine door wider to imports by eradicating the annual quota on purchases and limiting the federal government’s position in rice commerce to making sure provide throughout emergencies.
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Reporting by Enrico Dela Cruz; Modifying by Martin Petty
Our Requirements: The Thomson Reuters Belief Rules.
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