The Marcos Jr. administration should allow the state to import rice through government-to-government (G2G) deals to be able to achieve its promise of cutting the price of the staple to P20 per kilogram. Know more:
The Marcos Jr. administration should allow the state to import rice through government-to-government deals to be able to achieve its promise of cutting the price of the staple to P20 per kilogram.
Bringing down the price of rice in the Philippines to P20 per kg is one of the campaign promises made by President Marcos Jr., who is concurrently sitting as the country’s agriculture chief. “Before I was against importation but this time I saw the wisdom [of it]. The government can save a lot through importation. The government, not the private traders, should import and sell rice.”
Today, only the Philippine International Trading Corp. can import rice on behalf of the national government after the rice trade liberalization law deregulated the rice industry, and removed the authority of the National Food Authority to purchase the staple from abroad.
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