The Present Rice Crisis in The Philippines (tags)
The Philippine Peasant Support Network (Pesante)-USA, a Filipino farmers, environmental and human rights advocacy group based in Los Angeles expressed dismay over the US-Arroyo regime’s way of solving the present rice crisis in the former rice producing nation of the Philippines. The Philippine government is going to buy two million metric tons of rice abroad at a cost of $600 or P24,600 per metric ton, that will be P49.2 billion, which is 146 times than the Philippines annual post-harvest budget. President Arroyo already released P1.5 billion to boost rice production especially in the top 10 poorest provinces. The rice will be imported- from of all places-- the United States and Vietnam.