Speaker: Rice tariffs to aid farmers

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The President’s directive to use excess rice tariff collections to help farmers will not only ensure a stable supply of the grain at affordable prices but will also reduce the country’s dependency on rice imports, Speaker Martin Romualdez said.

“Moreover, this initiative will foster resilience within our agricultural sector, ensuring that we continue to meet our domestic rice requirements and reduce our dependence on rice imports,” he added. Romualdez said the House would also provide around P40 billion in additional funding for irrigation projects under the 2024 national budget to support the President’s mission to increase agricultural production in the country.

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MlaStandard /  🏆 20. in PH

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