MANILA, Philippines -SL Agritech Corp., the country's largest hybrid rice producer, is asking President Marcos to provide additional and long-term funding for farmers and devote a bigger land area for hybrid rice to achieve the government's rice self-sufficiency goal. 'We need P7 billion to P8 billion for at least 10 years for us to produce enough seeds. That is what we asked from the government,' SL Agritech chair and CEO Henry Lim Bon Liong told the Inquirer. He said the company was spending about P1 billion per hectare to produce seeds for hybrid rice, a type of rice bred from two different parents as defined by Laguna-based International Rice Research Institute.

https://business.inquirer.net/389551/more-funds-land-for-hybrid-rice-production-in-ph-sought

#inquirer