The country’s salt industry is urging the government to expedite support measures, including the release of a P210-million Salt Industry Development Fund under the 2026 budget.
Stakeholders highlighted the need to finalize the implementing rules of Republic Act 11985, which would allow producers to access funding and government programs.
Recommendations also included setting floor and ceiling prices for local salt, addressing unregulated imports, and reclassifying salt production under agriculture and fisheries for better program access.
The Philippine Crop Insurance Corp. plans to introduce a salt-focused insurance product by mid-2026 to protect producers from weather and market risks.
The Philippine Council for Agriculture and Fisheries will consolidate these proposals and submit them to the Department of Agriculture and other agencies, urging swift government action this year.
Source: PhilNews24 | November 15, 2025
Latest from Business
Finance Secretary Frederick Go has officially joined the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board after
Rice tariff collections in 2025 plunged 60 percent to P13.7 billion due to a historic low
Manila Electric Co. (Meralco) has received expressions of interest from 15 power generation companies for a
Jollibee Foods Corp. plans to separate its international operations into a new unit, Jollibee Foods Corp.
Philippine Airlines (PAL) was recognized as Asia-Pacific’s most punctual airline in 2025, achieving an on-time score
