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

Let’s all do our share by buying local.

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.

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.

ALSO READ:

CONTINUE READING BELOW

Most Popular Recipes

Close
Close
My Agile Privacy
We use cookies to ensure you get the best experience on Yummy.ph. By continued use, you agree to our privacy policy and accept our use of such cookies. Find out more here.
Warning: some page functionalities could not work due to your privacy choices