DECLARING a 'rice emergency,' as suggested by lawmakers, is fine with Agriculture Secretary Francisco Tiu Laurel Jr. — if only to fight rice profiteers.
DECLARING a 'rice emergency,' as suggested by lawmakers, is fine with Agriculture Secretary Francisco Tiu Laurel Jr. — if only to fight rice profiteers.The idea was broached in a hearing of the 'Murang Pagkain' Super Committee at the House of Representatives, in which the problem of fluctuating rice prices was discussed, and National Food Authority Administrator Larry Lacson said the agency has a buffer stock of 5.5 million sacks of 50-kilogram rice.
Recently, President Ferdinand Marcos Jr. signed Republic Act 12078, which amended the Rice Tariffication Law and gave the agriculture secretary the power to declare a food security emergency upon the recommendation of the National Price Coordinating Council — in case of supply shortages or unusual price fluctuations.'This is the best way to hit them — where it hurts,' Tiu Laurel said, referring to unscrupulous traders overcharging consumers.
Emergency To Fight Profiteers OK DA Chief
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