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According to a report by the Philippine Business Mirror on October 25, the Department of Agriculture (DA) is studying how to help farmers cope with rising fertilizer prices
.
The Deputy Minister of Agriculture Sebastian said that additional subsidies can be provided to farmers and the feasibility is being studied
.
The Fertilizer and Pesticide Administration (FPA) is also exploring the implementation of a recommended retail price (SRP) system for fertilizer products and supporting farmers’ cooperatives to directly import fertilizers
.
At the farmer level, DA will conduct fertilizer management training for farmers through the Soil and Water Management Administration (BSWM), and promote the use of organic and inorganic fertilizers
.
DA also hopes to reduce agricultural costs by promoting more efficient planting methods (such as direct seeding)
.
The World Bank predicts that the average price of urea this year will be US$380 per ton, up 66% year-on-year; the average price of diammonium phosphate will be US$590 per ton, up 89% year-on-year
.
According to the latest FPA data, as of mid-October, the retail price of chemical fertilizers in the Philippines has increased by 100 pesos per bag compared with the price level in mid-September
.
.
The Deputy Minister of Agriculture Sebastian said that additional subsidies can be provided to farmers and the feasibility is being studied
.
The Fertilizer and Pesticide Administration (FPA) is also exploring the implementation of a recommended retail price (SRP) system for fertilizer products and supporting farmers’ cooperatives to directly import fertilizers
.
At the farmer level, DA will conduct fertilizer management training for farmers through the Soil and Water Management Administration (BSWM), and promote the use of organic and inorganic fertilizers
.
DA also hopes to reduce agricultural costs by promoting more efficient planting methods (such as direct seeding)
.
The World Bank predicts that the average price of urea this year will be US$380 per ton, up 66% year-on-year; the average price of diammonium phosphate will be US$590 per ton, up 89% year-on-year
.
According to the latest FPA data, as of mid-October, the retail price of chemical fertilizers in the Philippines has increased by 100 pesos per bag compared with the price level in mid-September
.
