BOC collection from rice imports up 22% in 2021 By CHINO S. LEYCO Government collection of duties from imported rice jumped 22 percent to P18.9 billion in 2021, but it incurred foregone revenues on pork tariff cuts, the Department of Finance (DOF) said. Citing reports from the Bureau of Customs,...
The country’s rice imports will end up higher than earlier expected at 2.6 million metric tons (MT), making the country still one of the top rice importers in the world. Based on the latest report of the United States Department of Agriculture's (USDA) Foreign Agricultural Service (FAS), the...
Local farmers will continue to suffer from low palay prices due to typhoons and continuous entry of cheaper, imported rice.
“Palay prices are expected to remain low in the coming weeks with the cumulative effects of typhoons and importation even during the harvest season,
Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
The Philippines is seen importing more rice in the coming months amid expectations of improving economic conditions despite the prolonged pandemic. 34306 In the updated forecast of US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) here in Manila (Post), the Philippines rice...
The Philippines’ rice inventory fell in August after stocks in households, commercial, and the National Food Authority (NFA) warehouses all recorded decline in supply. Latest data from the Philippine Statistics Authority (PSA) showed that as of August, the country's rice stocks inventory was...
The Federation of Free Farmers (FFF) has questioned the plan of the Philippine government to ban the entry of rice imports during harvest season, a move that will supposedly serve as a compromise to Malacañang’s latest move to temporarily slash tariff on imported rice from non-ASEAN countries....
The government intends to halt rice importation during the local harvest season to help protect farmers, according to a Palace official. (File photo/Keith Bacongco/Manila Bulletin) Presidential spokesman Harry Roque explained that rice importation will only be carried out after the domestic harvest...
The government wanted to shore up the country's supply of rice given the threat posed by climate change when it reduced import tariffs on the staple food. (Manila Bulletin file photo by Keith Bacongco) Presidential spokesman Harry Roque defended the President Duterte's decision to lower the tariff...
The Bureau of Customs (BoC) has confirmed that there has been undervaluation of rice imports in the country and vowed to address the issue. (MANILA BULLETIN) A statement from the Federation of Free Farmers (FFF) revealed that BoC Commissioner Rey Leonardo Guerrero has already initiated to plug...
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...
The European Union may steal the Philippines' title as the biggest rice importer in the world this year as the Southeast Asian nation is bent on achieving higher local palay production amid stricter import permit issuance. “The Philippines is forecast to fall to the number two spot in 2021 as the...
