Mark R

The ongoing geopolitical conflict in the Middle East has exposed the fragility of global fertilizer supply chains, with direct consequences for Philippine food security. World urea prices nearly doubled between February and April 2026, a critical shock for the Philippines, which imports about 90% of its fertilizer requirement and where rice remains central to both consumption and production.

ABN2025-29 2025 The Agency Budget Notes (ABN) on the Department of Economy, Planning, and Development contributes to the conduct of more informed reviews and thorough deliberation of the agency’s proposed budget for FY 2025. The ABN provides budget-related information on agency plans and programs, and analyzes physical accomplishments and budget utilization performance. This publication also highlights audit findings and recommendations of the Commission on Audit.

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