D.A. eyes to create P5-B buffer fund to address agri supply shortage
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NewsTranscript
00:00People need a savings fund for the rainy days, and so does the Department of Agriculture
00:05right now and is contemplating sources for the financial wherewithal to bankroll a buffer
00:12fund for when the supply of rice runs dry sooner than expected.
00:16So says Agriculture Chief Secretary Francis Diu-Laurel as he faced reporters earlier today
00:22on the sidelines of the European Chamber of Commerce of the Philippines 2024 Sustainable
00:28Agriculture Forum in Makati City.
00:30It calls for the creation of a mechanism or measure that readily protects consumers in
00:36the event of inadequate staple grain or essential food item supplies or when prices surge unreasonably
00:43as a result of natural calamities.
00:45Or he said, this measure will surely and greatly help in controlling prices because the mechanism
00:51itself creates a trigger point precisely when to utilize the fund.
00:56And he admitted to taking time to carefully study the activation of this trigger point
01:01since this will be the first time such measure is put into use.