Rice retailers have committed to selling rice at lower prices, or P45 per kilo, starting in July.
MANILA, Philippines —
The Philippine Rice Industry Stakeholders Movement, led by Manuntag and Sadicon, met with Romualdez to discuss ways to lower rice retail prices. Romualdez earlier said the effects of the tariff cuts would be felt as soon as possible, ideally before the third State of the Nation Address on July 22. At least 500,000 farmers would be displaced amid the flooding of imported rice in the country, Sinag chairman Rosendo So earlier warned.Unless the high court issues a TRO, the Department of Agriculture will abide by EO 62, De Mesa said.
Agriculture Secretary Francisco Tiu Laurel Jr. yesterday said EO 62 is not “anti-farmer” since the government is “committed to filling any funding gap” in the Rice Competitiveness Enhancement Fund.
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