Connect with us

News

ASEAN rice reserve available during emergencies

Published

on

It aims to improve food security without distorting the international rice market. (Photo: Charles Haynes/ Flickr)

It aims to improve food security without distorting the international rice market. (Photo: Charles Haynes/ Flickr)

MANILA–The Philippines and other member countries of the ASEAN Plus Three Emergency Rice Reserve (APTERR) may now buy rice from the reserve in case of emergency and natural calamities.

National Food Authority (NFA) Administrator Jason Laureano Y. Aquino, who headed the Philippine delegation to the APTERR meeting recently held in Bangkok, Thailand reported that an agreement was reached to implement the Tier 1 program which will allow sales of rice between member countries of APTERR from the earmarked rice reserve during emergencies and calamities.

APTERR was launched in July 2012 composed of the ten ASEAN nations namely Philippines, Thailand, Myanmar, Vietnam, Indonesia, Malaysia, Singapore, Cambodia, Brunei, Laos, plus three non ASEAN members namely Japan, China, and South Korea. Originally established as ASEAN Emergency Rice Reserve (AERR) in 1979, APTERR was organized to ensure rice availability during emergencies, stabilize the price of rice, and improve farmers’ income and welfare among the member countries.

It aims to improve food security without distorting the international rice market.

At present, the total earmarked emergency rice reserve pledged by APTERR member countries is placed at 787,000 MT. The stocks are made available to member countries through a three-tier system: Tier 1 – through sales; Tier 2 – through emergency grants and loans; and Tier 3 – delivery of donated rice in times of acute emergency.

“Rice sales under Tier 1 is different from government-to-government deals because the sale must go through the approval of APTERR as a body and can only be availed of in cases of emergency and calamities,” Aquino said.

The Philippines had already benefited from the AERR/APTERR since 2010 but almost all under Tier 3 program. Thailand donated 520 metric tons of rice to the Philippines through the APTERR Secretariat for victims of Typhoons Ondoy and Juan, La Nina and flash floods. Since the APTERR came into force in 2012, at least 7,200 MT of rice were donated through the program to the Philippines for the victims of typhoons Pablo, Yolanda and Nona.

 

Continue Reading
1 Comment

1 Comment

  1. Pingback: #Asean Morning News For April 27, 2017

Leave a Reply

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

Latest

US Capitol Building US Capitol Building
News6 mins ago

US Congress seen to reauthorize GSP scheme in 2024: envoy

WASHINGTON DC – The United States Congress is likely to approve the revival of the Generalized Scheme of Preferences (GSP)...

National Bureau of Investigation (NBI) National Bureau of Investigation (NBI)
News10 mins ago

DOJ tasks NBI to probe ‘deepfake’ PBBM audio

MANILA – The Department of Justice (DOJ) on Thursday directed the National Bureau of Investigation (NBI) to unravel the truth...

News15 mins ago

PBBM extends employment of COS, JO gov’t workers till end-2025

MANILA – President Ferdinand R. Marcos Jr. has extended the engagement of contract of service (COS) and job order (JO)...

News20 mins ago

US, PH strengthen work vs. ‘foreign information manipulation’

WASHINGTON D.C. – The Philippines and the United States have agreed to strengthen engagement against false foreign narratives, encompassing “all...

News33 mins ago

Comelec disqualifies Mamba as Cagayan governor

MANILA – The Commission on Elections (Comelec) has disqualified Manuel Mamba as governor of Cagayan province in relation to the...

Headline39 mins ago

PAGASA warns of dangerous heat index in 38 areas

MANILA – The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) warned of dangerous heat index levels in 38 areas...

DMW Building DMW Building
Headline41 mins ago

DMW bars Filipino seafarers from ships passing Red Sea, Gulf of Aden

MANILA – The Department of Migrant Workers (DMW) on Wednesday issued an order that prohibits the deployment of Filipino seafarers...

News1 day ago

DOJ forms TWG to hasten creation of separate ‘heinous crimes’ prisons

MANILA – The Department of Justice (DOJ) has ordered the creation of a technical working group (TWG) to hasten the...

Philippine Navy spokesperson for the West Philippine Sea Commodore Roy Vincent Trinidad Philippine Navy spokesperson for the West Philippine Sea Commodore Roy Vincent Trinidad
News1 day ago

Navy: Measures in place vs. possible Chinese interference in Balikatan

MANILA – A ranking Philippine Navy (PN) official said while China is not expected to interfere in the ongoing “Balikatan”...

Entertainment1 day ago

Meet Five of Seoul’s Most Glamorous Elite in ‘Super Rich in Korea’ Official Trailer

Super Rich in Korea offers a golden ticket into the extravagant world of Seoul’s top 1% — individuals who’ve made...

WordPress Ads