THE Federation of Free Farmers (FFF) wants the tariff on rice imports restored to its old rate, arguing that its reduction to 15 percent from the previous 35 percent has not helped consumers, but instead only benefited rice importers and wholesalers.
THE Federation of Free Farmers wants the tariff on rice imports restored to its old rate, arguing that its reduction to 15 percent from the previous 35 percent has not helped consumers, but instead only benefited rice importers and wholesalers.On June 20, 2024, President Ferdinand Marcos Jr. issued Executive Order 62 modifying the import duty rates of various commodities, including rice, which was expected to pull down the staple's retail prices.
Regular-milled, or 25-percent broken rice, could also be sold at P45/kg, or P5 lower than the current P50.This pricing would still allow importers, wholesalers and retailers to have profitable margins, the FFF said.'If the government cannot discipline importers and wholesalers, it might as well restore the tariff rates to 35 percent.
Group Wants Rice Tarriff Back At 35%
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