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
SALT INDUSTRY APPEALS FOR P210-MILLION SUPPORT PACKAGE
Latest from Business
State-run Philippine Amusement and Gaming Corp. (Pagcor) has ordered all gaming corporations to disclose their exclusive
BDO Unibank Inc. has removed transaction fees for fund transfers made through InstaPay and PESONet, allowing
Philippine Airlines raised USD 300 million through its first international bond offering to support network expansion
The Philippine Statistics Authority reported that Philippine factory output growth slowed to 10.2 percent in May
The Department of Information and Communications Technology (DICT) has allocated P197.21 million to provide free internet