3 weeks Congress urged to review rice tariffication law Manilatimes |Biz
The Federation of Free Farmers (FFF) on Wednesday urged Congress to review the Rice Tariffication Law following the drastic decrease in palay (unmilled rice) prices for the second straight year. Farmgate prices of wet palay have reportedly dropped to between P11 and 13 per kilo and of dry palay to between P14 and 17 per kilo, lower than the National Food Authority’s buying price of P19 per kilo. Prices are expected to fall further when rice harvests reach their peak in October and November. The FFF blamed the uncontrolled entry of rice imports and uncertainty over the Department of ... more