DA refutes NEDA, says reduced tariff brought down rice prices

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DA refutes NEDA, says reduced tariff brought down rice prices
Rice PricesNational Economic And Development AuthorityRice Tariff
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The Department of Agriculture said Wednesday that the executive order which reduced the tariff on imported rice from 35% to 15% has resulted in lower retail prices of rice, contradicting an earlier statement by the National Economic and Development Authority ."Kung titignan natin ay mayroon namang pagbaba sa presyo ng bigas per the monitoring na rin natin.

's Executive Order 62, which lowered the tariff on imported rice from 35% to 15%, did not lead to a reduction in rice prices as anticipated."This is a puzzle also for us... perhaps this deserves a more nuanced analysis," said NEDA Director Nieva Natural during a House Murang Pagkain Supercommittee hearing.Natural noted that dominant market players were pricing goods above competitive levels, making retail prices nearly equal to locally produced rice.

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Rice Prices National Economic And Development Authority Rice Tariff

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