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RCEF Press Conference

Author: DA Communications Group | 22 October 2019

The four components of the Rice Competitiveness Enhancement Fund (RCEF), including updates on the fund release, were presented through a press conference on October 22, 2019 at RDEC, ATI Building, Quezon City.

During the presscon, Agriculture Secretary William Dar mentioned that the Php 10-billion RCEF is expected to be fully obligated before the year ends. “Php 3.2B or 32 percent out of the Php 10B support fund for rice farmers has already been obligated as of today, Dar said.

With proper implementation of all the four components of RCEF, Secretary Dar believes that cost of production will be down by 30 percent, allowing the Philippines to compete with its neighboring ASEAN countries like Vietnam and Thailand. (Photos by and Alarico Nuestro, DA-AFID)