THE Department of Agriculture (DA) said it will scale up the P20-per-kilo rice program to serve 15 million households, or approximately 60 million beneficiariesTHE Department of Agriculture (DA) said it will scale up the P20-per-kilo rice program to serve 15 million households, or approximately 60 million beneficiaries

P20 rice program seen reaching 15M households by end of 2026

THE Department of Agriculture (DA) said it will scale up the P20-per-kilo rice program to serve 15 million households, or approximately 60 million beneficiaries, by the end of next year.

The “Benteng Bigas Meron Na!” program makes subsidized rice available to senior citizens, persons with disabilities and indigents. They may purchase up to 30 kilos of rice through Kadiwa outlets and other authorized stores.

The rice is sourced from the National Food Authority (NFA).

Agriculture Secretary Francisco P. Tiu Laurel, Jr. told reporters on Tuesday that the program’s expansion will begin in January with a launch in Pangasinan. He said major launches are also planned in eight provinces by February.

The program recently reached its 82nd province with the opening of P20 rice outlets in Maguindanao del Norte. As of December, the DA said it had opened 740 distribution points nationwide.

The DA said it aims to establish at least one outlet in each of the country’s more than 1,600 cities and municipalities, with the total number of outlets targeted at 3,000 by 2028, when the current administration steps down.

“There will be many distribution outlets. To achieve that, we need to open stores every few weeks,” Mr. Laurel said.

The DA said it aims to sell between 1.5 million and 1.8 million metric tons of subsidized rice next year.

Mr. Laurel said the program will be allocated a budget of P23 billion, consisting of P9 billion from the NFA, P10 billion from the Rice-for-All program, and P4 billion in contingency funds.

Meanwhile, the DA said it is working to address logistical and operational challenges, particularly in geographically isolated areas and locations far from NFA warehouses.

“The challenge is how to bring the rice to remote islands and remote areas, places without NFA warehouses,” Mr. Laurel said. “Support from local government units will be a big help. We will need to provide trucks and hire drivers and cashiers.” — Vonn Andrei E. Villamiel

Market Opportunity
RICE AI Logo
RICE AI Price(RICE)
$0.00427
$0.00427$0.00427
-7.51%
USD
RICE AI (RICE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Gold continues to hit new highs. How to invest in gold in the crypto market?

Gold continues to hit new highs. How to invest in gold in the crypto market?

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52
MicroStrategy Bitcoin Strategy Faces Dilution Risks Amid Stock Decline, MSCI Review

MicroStrategy Bitcoin Strategy Faces Dilution Risks Amid Stock Decline, MSCI Review

The post MicroStrategy Bitcoin Strategy Faces Dilution Risks Amid Stock Decline, MSCI Review appeared on BitcoinEthereumNews.com. MicroStrategy stock dilution arises
Share
BitcoinEthereumNews2025/12/27 05:01