Filipino farmers stand to gain significantly from the Rice Competitiveness Enhancement Fund (RCEF), which has been extended under the amended Agricultural Tariffication Act (RA 12078) until 2031.
The Philippines and Pakistan are optimistic on coming to terms by June next year on at least one million metric tons of rice to fill a quarter of Manila’s annual import requirement of the staple.
Agriculture Secretary Francisco P. Tiu Laurel Jr. has announced plans to remove brand labels from imported rice, citing concerns that some industry players are manipulating the system to inflate prices and exploit Filipino consumers.
The Department of Agriculture is adding four public markets in Metro Manila where P40 per kilo well-milled rice will be sold under the Rice-for-All program to provide consumers with options amid stubbornly high prices of the food staple.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. said Thursday that the proposal by congressmen to declare a “rice emergency” is a positive step toward addressing the persistently high prices of rice despite recent government efforts to stabilize the market.