FactCheck: The Marcos administration is currently eyeing 97.4% rice self-sufficiency in the next five years or by 2028. FactsFirstPH
from the Philippine Statistics Authority shows that the country’s self-sufficiency rate for rice stood at 81.5% in 2021, lower than the previous year’s 85%.posted on his official Facebook page on June 17, President Ferdinand Marcos Jr. said the government is looking to surpass 100% rice self-sufficiency through its agricultural initiatives, such as a consolidated rice production and mechanization program.Sapat at murang pagkain pa rin ang siyang tanging magpapalaya sa atin mula sa gutom.
Previously, Marcos said that two years would be enough to achieve rice self-sufficiency. However, former agriculture chief and Federation of Free Farmers board chairman Leonardo Montemayor said that this wasThe agriculture department has previously expressed confidence that 100% rice self-sufficiency is “within reach.
This comes amid warnings of a potential rice crisis and increase in rice consumption and demand. Citing market analyst company Fitch Solutions, aarticle reports that the global rice market is set to log its biggest shortage in two decades in 2023. According to the company’s report, the shortage for 2022/2023 is approximately 8.7 million tons—the largest deficit recorded since 2003/2004, which was at 18.6 million tons.
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