The long queues create a 'false impression of a supply shortage,' the agriculture department saysThe long queues create a 'false impression of a supply shortage,' the agriculture department says

Long lines for P20/kilo rice as Middle East crisis pushes prices up

2026/03/17 07:30
Okuma süresi: 2 dk
Bu içerikle ilgili geri bildirim veya endişeleriniz için lütfen crypto.news@mexc.com üzerinden bizimle iletişime geçin.

MANILA, Philippines – Long queues formed at government sites selling P20-per-kilo rice as the Middle East conflict pushed up prices of basic goods.

“We’ve observed nationwide that the lines are getting longer,” National Food Authority (NFA) Administrator Larry Lacson said in a mix of Filipino and English on Monday, March 16. “In fact, I don’t know if it’s good or bad, but sometimes our kababayans start to line up the night before.”

The government distributes subsidized rice and sells it for P20/kilo. These are primarily sold at Kadiwa centers across the country. Beneficiaries of the program are senior citizens, persons with disabilities, indigent families, solo parents, farmers, fishers, minimum wage earners, and public transport workers.

The long lines create a “false impression of a supply shortage,” according to a statement from the Department of Agriculture (DA) on Sunday, March 15.

Agriculture Secretary Francisco Tiu Laurel Jr. said they understand that the US-Israel war in Iran is stoking anxiety among Filipinos. (READ: How are Filipino farmers, fishers affected by the Middle East crisis?)

“But acting out of panic will only worsen the situation,” Laurel said. “We have enough rice buffer and a good harvest.”

Food Terminal Incorporated president Joseph Lo said they have extended distribution hours to accommodate those who lined up.

The NFA still has a supply good for 10.3 days as of Monday, Lacson said. Tasked with maintaining buffer stocks for emergencies, the NFA buys rice from local farmers at P17 per kilo for fresh or wet palay and P21 per kilo for dry palay.

“Mukhang hahaba ang pila,” said Lacson. “Alam naman nating wala pang definite time ‘yung nangyayari sa Middle East so tendency ‘yung mga tao gustong mag-secure ng pagkain.”

(It looks like lines will only get longer. We know there’s no definite time when the crisis in the Middle East will end, so people have the tendency to secure food.) – Rappler.com

Piyasa Fırsatı
Belong Logosu
Belong Fiyatı(LONG)
$0.001485
$0.001485$0.001485
+0.20%
USD
Belong (LONG) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen crypto.news@mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users

Ondo Finance, a U.S.-based digital asset firm specializing in bringing traditional financial products on-chain through tokenization, is expanding its yieldcoin USDY to the Stellar network. This lates update marks a step forward in merging tokenized real-world assets with a global payments infrastructure, unlocking new opportunities for users worldwide. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 17. USDY Joins the Stellar Ecosystem Ondo Finance, a recognized leader in tokenized real-world assets, announced the deployment of United States Dollar Yield (USDY) on Stellar, the payments-focused blockchain known for speed and low transaction costs. USDY is the most widely available “yieldcoin,” offering investors access to onchain assets backed by U.S. Treasuries. This launch allows Stellar’s global user base to tap into permissionless, yield-bearing assets tied to one of the safest financial instruments in the world. It also aligns with Stellar’s mission of driving fast, affordable cross-border payments. Combining Yield with Payments Infrastructure “Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance. “Fast, affordable cross-border payments are at the center of what Stellar was designed to do. The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users,” said Denelle Dixon, CEO of the Stellar Development Foundation. Ondo claims by pairing USDY with Stellar’s infrastructure, new possibilities open up in treasury management, collateralization, and everyday financial applications. Unlocking Institutional and Retail Use Cases USDY currently manages over $650 million in total value locked (TVL) across nine blockchains and offers a 5.3% APY. By launching on Stellar, Ondo Finance extends these benefits to global retail and institutional users. The firm explains balances on Stellar can now become productive, supporting use cases such as onchain savings, institutional treasury strategies, cost-efficient collateral for DeFi protocols, and remittance flows that carry yield rather than remaining static. A Milestone for Tokenized Treasuries With the integration of USDY, Stellar users gain more than just access to stable-value assets—they gain access to institutional-grade yield. For investors outside the U.S., the launch represents a new way to combine the safety of Treasuries with the accessibility of blockchain technology. As tokenization accelerates globally, Ondo Finance’s decision to deploy USDY on Stellar reinforces the narrative that blockchain is not just about speculation, but about reimagining the global financial system through secure, yield-bearing digital assets
Paylaş
CryptoNews2025/09/18 00:46
MetaMask Token is Coming ‘Sooner’ Than Expected: Consensys CEO

MetaMask Token is Coming ‘Sooner’ Than Expected: Consensys CEO

The MetaMask token launch "may come sooner than you would expect," says Joe Lubin, CEO of Consensys.
Paylaş
Coinstats2025/09/19 14:16
Based Eggman $GGs Grabs Ethereum Investors’ Focus in 2025 Institutional Presale Rally

Based Eggman $GGs Grabs Ethereum Investors’ Focus in 2025 Institutional Presale Rally

Ethereum holders are shifting attention to Based Eggman $GGs, a new crypto token presale making waves in the crypto presale list of 2025 among the top crypto presales.
Paylaş
Blockchainreporter2025/09/18 01:30

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity