Rice tariffs hit P10.7B despite lower imports
The year-to-date tariffs collected from imported rice already breached P10 billion as of mid-July, ensuring next year’s fund for farm modernization being set aside under the Rice Tariffication Law. In…
Despite lower imports, rice tariffs up to P10.7B as of mid-July
MANILA, Philippines – The year-to-date tariffs collected from imported rice already breached P10 billion as of mid-July, ensuring next year’s fund for farm modernization being set aside under the Rice…
Balance needed between rice and high-value crops
If we are to succeed in agriculture, food security and our farmers’ welfare, we have to correct the imbalance on budget support between rice and high-value crops (HVC). The Department…
‘Benign’ June inflation seen as lower LPG, electricity costs offset rising fuel, rice prices
MANILA, Philippines — The pace of price increases in the local economy likely stayed “benign” in June as rising petroleum and rice prices were likely offset by cheaper cooking fuel…
Planned gov’t-to-gov’t rice importation shelved
The country has dropped its plan to import 300,000 metric tons (MT) of rice through a government-to-government (G2G) deal, after the Philippines’ top source of imported rice lifted its export…
Vietnam says rice exports set to skyrocket, renewable energy in high demand
Vietnamese rice being loaded for export. High demand for food set the stage for Việt Nam to take the lead in global rice this year. Viet Nam News/Asia News Network…
Rice tariff collections hit P7.96B in end-May
Collections from the import duty slapped on rice reached P7.96 billion as of May, almost four-fifths of the yearly target. In a statement, the Bureau of Customs (BOC) maintained that…
P890M lost due to alleged rice import undervaluation in 4 months
Rice farmers were estimated to have lost P890 million between January and April this year from the alleged undervaluation of rice imports that arrived in the country during the period,…
Group questions gov’t rice import plan
The Federation of Free Farmers (FFF) has questioned the legality of the government’s move to import an additional 300,000 metric tons (MT) of rice on top of the imports being…
DBP disburses P1.5B in cash aid to small rice farmers
The state-run Development Bank of the Philippines (DBP) has disbursed over P1.485 billion in unconditional cash aid to small rice farmers under a Department of Agriculture (DA)-led program. “A total…