THE Department of Budget and Management (DBM) has released P2.462 billion for the credit and seed program components of the Rice Competitiveness Enhancement Fund (RCEF), the Department of Agriculture (DA) said over the weekend.

In a statement, the DA said DBM has issued P2.038 billion to the Philippine Rice Research Institute (PhilRice) tasked to promote and distribute to farmers high-quality inbred palay (unmilled rice) seeds, including NSIC Rc222, Rc160, Rc216, and 16 other location-specific varieties in the regions.

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