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Department of Agriculture Secretary Francisco Tiu Laurel hinted at the possibility of reverting the rice import tariff to its original rates, if rice prices continue to fall.
Rice prices are now hovering around P52 to P55 per kilogram, with regular milled rice at P52 and well-milled at P55. He highlighted existing programs that provide additional income, such as the distribution of two sacks of fertilizer per hectare of rice fields and other farm inputs and machinery. Domestic palay production is estimated to reach 20 million MT, or about 12.6 million MT rice equivalent.
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