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Speaker Ferdinand Martin Romualdez yesterday urged government agencies and the private sector to adopt a whole-of-nation approach in complying with President Marcos Jr.’s instructions to make available lower price of rice to the public as soon as possible.
“The President is doing everything in his power to bring down the price of rice and make them available to millions of Filipinos in all parts of the country. It is now our obligation to work together and adopt a whole-of-nation approach to make this possible,” Romualdez said. With help from Congress, the administration is using all the powers in its arsenal to bring down not only the price of rice but also of other basic food items and agricultural products, Romualdez said.
“There is nothing to fear about massive importation. Our priority is still locally-produced rice. We only resort to importation only to offset our shortfall in rice production,” he said. “Just from January to May this year alone, the Bureau of Customs had already collected P21.6 billion earmarked for subsidy to rice farmers. Government has enough resources to continue the subsidies, and Congress is ready to provide more funds if still needed,” he said.
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