Rice Farmers Are “Worse Off” Because Of Rice Tariffication Law, According To Study

Let's all do our share by buying local.

By Yummy.ph team | Dec 23, 2019

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According to a report by Inquirer.net, farmers are "worse off" based on a study by government think tank Philippine Institute for Development Studies (PIDS). Based on the analysis released by PIDS, local rice producers are projected to lose an average of P10 billion a year under the Rice Tariffication Law. The Rice Tariffication Law was enacted in February 2019 and liberalized the importation, exportation, and trading of rice.

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According to the Inquirer.net article, palay prices hit its lowest in eight years at P15.96 per kilo. The Department of Agriculture (DA) held its year-end press conference last week and announced the implementation of P10-billion Rice Competitiveness Enhancement Fund. The DA also instituted conditional cash transfers and loan programs, according to the report.

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