• About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
Monday, October 2, 2023
Invest Daily Pro
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Politics
  • Editor’s Pick
No Result
View All Result
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Politics
  • Editor’s Pick
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Forex

Efforts to make fertilizer more affordable ongoing — DTI

by
August 11, 2022
in Forex
0
Efforts to make fertilizer more affordable ongoing — DTI
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

THE Trade department is in discussions to help bring down fertilizer prices for farmers, an official said on Thursday.

“Regarding initiatives related to making fertilizer more affordable, discussions are ongoing,” Trade Undersecretary Carol P. Sanchez told reporters via Viber after being asked to comment. 

Discussions on providing more affordable fertilizer for local farmers are ongoing as part of government efforts to boost local food production and supply, an official from the Department of Trade and Industry (DTI) said on Thursday.

Ms. Sanchez declined to elaborate, saying that “it would be premature for Trade Secretary Alfredo E. Pascual to comment further at this time.”  

The Office of the President, through its official Facebook posted on Wednesday that President Ferdinand R. Marcos, Jr. met with DTI officials to discuss plans to access cheaper fertilizer.

Asked to comment, Samahang Industriya ng Agrikultura Executive Director Jayson H. Cainglet said that the current retail price of fertilizer has surged to P2,250 per 50-kilogram bag from P850 per bag last year.

“We met the President last week, together with the fertilizer industry. We laud efforts by the President in procuring cheaper fertilizer imports; either through government-to-government (G2G) or directly requesting importers to reduce prices,” Mr. Cainglet said via mobile phone.

Mr. Marcos has said the government will pursue fertilizer deals with China, Indonesia, Malaysia, Russia, and the United Arab Emirates on a G2G basis.

Federation of Free Farmers National Manager Raul Q. Montemayor said in a Viber message that the government should consider working on distribution plans while hammering out the G2G arrangements.

“I am not sure if the DTI is the right agency to handle fertilizer imports. Also, you need a lot of logistics to handle fertilizers. If price control is the objective, the local government units would be the better implementers,” Mr. Montemayor said. — Revin Mikhael D. Ochave

ShareTweetPin

Related Posts

Slight inflation uptick seen in Sept.
Forex

Slight inflation uptick seen in Sept.

October 1, 2023
Retail dollar bond sale may exceed $1 billion
Forex

Retail dollar bond sale may exceed $1 billion

October 1, 2023
ADB earmarks $4B for PHL lending program for 2024
Forex

ADB earmarks $4B for PHL lending program for 2024

October 1, 2023
DBCC set to review macroeconomic assumptions
Forex

DBCC set to review macroeconomic assumptions

October 1, 2023
Megawide’s NAIA move hinged on partner, control
Forex

Megawide’s NAIA move hinged on partner, control

October 1, 2023
PH1 World Developers sets P11-B projects
Forex

PH1 World Developers sets P11-B projects

October 1, 2023
Next Post
Fitch Solutions raises 2022 PHL GDP forecast to 6.6%

Fitch Solutions raises 2022 PHL GDP forecast to 6.6%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Infrastructure, anyone?

Infrastructure, anyone?

April 30, 2023
Workplace friendships are worth the awkwardness

Workplace friendships are worth the awkwardness

January 11, 2023
Ninja Van Philippines opens processing hub in Novaliches  

Ninja Van Philippines opens processing hub in Novaliches  

September 14, 2022
ABS-CBN, TV5 terminate landmark partnership deal

ABS-CBN, TV5 terminate landmark partnership deal

September 1, 2022
NGO warns of trade sanctions after suspension of fishing vessel monitoring 

NGO warns of trade sanctions after suspension of fishing vessel monitoring 

April 5, 2023

Beyond the Traditional Suit: Embracing Versatility with Softshell Work Jackets in a New Era of Business Attire

September 14, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Privacy Policy
    • Terms & Conditions
    • Contact Us
    • Email Whitelisting

    Copyright © 2023 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About Us
    • Contact Us
    • Email Whitelisting
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank You

    Copyright © 2023 SmarterNewsNow. All Rights Reserved.