THE Federation of Free Farmers (FFF) is claiming that importers are delaying rice shipments to the Philippines due to issues on the legality of Executive Order (EO) 62.
THE Federation of Free Farmers is claiming that importers are delaying rice shipments to the Philippines due to issues on the legality of Executive Order 62.'Imports were actually arriving in record volumes before EO 62 was signed last June 20,' Raul Montemayor, FFF national manager, said on Friday.Citing data from the Bureau of Customs, the FFF said that rice shipments to the country between January and May 2024 averaged 431,085 metric tons per month.
'Importers are now delaying further shipments due to the uncertainty regarding the legality of EO 62,' Montemayor said.Last June, the National Economic and Development Authority slashed tariffs on imported rice to 15 percent from 35 percent to 'drive down' the retail prices in the country.The FFF also rejected claims that the opposition of farmers to EO 62 would result in a supply shortage.
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