President Marcos said he would certify as urgent the bill proposing to amend the five-year-old Rice Tariffication Law (RTL), saying the government should have some form of influence in how rice is being sold in the country. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos...
The National Economic and Development Authority (NEDA) has expressed its support for the Department of Agriculture’s proposal to extend the Rice Competitiveness Enhancement Fund (RCEF). “NEDA is looking at that issue. There are pros, there are cons. I would like to think that keeping the RCEF...
Amid the ongoing El Niño phenomenon, the prices of agricultural commodities, such as regular milled rice, posted an increase in the initial days of December. Based on a survey by the Philippine Statistics Authority (PSA), the average retail price of a kilogram of well-milled rice rose to P48.84...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that rice tariff reduction remains an option for the Marcos administration, but immediate execution is not viable. President Marcos earlier thumbed down the reduction of the rice tariff. “He saw that these prices are...
ROSALES, Pangasinan – The Samahang Industriya ng Agrikultura (SINAG) and 25 other agricultural groups are joining the call of the rice industry stakeholders to reject proposals to reduce or remove tariffs on rice, pork, chicken, and corn. Businessman Rosendo So, SINAG chairman, said that Finance...
The Department of Finance (DOF) has assured that the Marcos administration will carefully balance the interests of consumers and farmers on the proposed reduction in rice import tariffs. Finance Secretary Benjamin E. Diokno said discussions are currently underway at the highest level within the...
Senator Cyntha Villar on Wednesday, June 9, took exception to claims of farmers' groups that she ignored the calls for action on President Duterte's Executive Order (EO) No. 135, which reduced the tariffs on imported rice. Senator Cynthia Villar, chairperson of the Senate agriculture and food...
The Federation of Free Farmers (FFF) is still urging the Philippine government to resolve what they called as unabated undervaluation of rice imports, which already resulted in nearly P6 billion in losses in government revenues since 2019. FFF National Manager Raul Montemayor noted that the Bureau...
Revenues from rice tariffs increased by more than half in January amid higher imports and enhanced valuation system, the Department of Finance (DOF) said on Friday, March 5. In a report to submitted to Finance Secretary Carlos G. Dominguez III, the Bureau of Customs said that tariffs from rice...
Trade and Industry Secretary Ramon M. Lopez has raised the likelihood of allowing lower tariffs on rice from India as a way of minimizing tariff barriers for the Philippines very vital commodity. Lopez mentioned this during the Philippines Federation of Indian Chambers of Commerce (FICCI) and the...
The recent recommendation of the Department of Agriculture (DA) to temporarily reduce tariffs on rice imports was described as “unwarranted and ill-timed” by a group of farmers. Federation of Free Farmers (FFF) National...
