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The Department of Agriculture (DA) foresees farm production growth at 2.5 percent in 2020 with the full implementation of the Rice Competitiveness Enhancement Fund (RCEF), a component of Republic Act No. 11203, or the Rice Tariffication Law. “(We will have) full rollout (of the RCEF) next year. (Growth target) should be between 2 to 3 […]
Senator Win Gatchalian said the continuing downtrend in the headline inflation is a welcome development as the Bangko Sentral ng Pilipinas (BSP), under the leadership of newly-appointed Governor Benjamin Diokno, will have “more elbow room” to make adjustments in the country’s policy rates to spur economic growth. Gatchalian said the country pulled a “better-than-expected” inflation […]
Reelectionist Senator Sonny Angara is urging government to ensure that support and benefits under the newly enacted rice tariffication law reach rice farmers and help them cope with the lifting of the quantitative restrictions on rice imports. “The government must ensure that support measures under the law will be fully realized for the benefit of […]
Senator Cynthia Villar said the rice tariffication bill will protect Filipino farmers from the influx of imported grains as a result of the removal of quantitative restriction. Villar, chair of the Senate committee on agriculture and food, said farmers were being misled by some groups who are against tariffication to protect their vested interests. “Unlike […]
The implementation of the Rice Competitiveness Enhancement Fund (RCEF) or Rice Fund would provide farmers with the needed compensation for the projected reduction or loss of farm income following the proposed rice tariffication. Agriculture Secretary Emmanuel Piñol said the proposed P10 billion RCEF “is very critical to achieve growth in agriculture.” As such, Piñol said […]
The proposed rice tariffication law is projected to temper inflation in the coming months as it will bring down the prices of the staple grain, Senator Sonny Angara said. Angara made the statement following the report of the Bangko Sentral ng Pilipinas (BSP) that year-on-year headline inflation moderated to an average of 5.9 percent in […]
A measure that will allow unimpeded importation of rice, amending the Agricultural Tariffication Act of 1996 and replacing the quantitative restriction on rice imports, is now a President’s signature away from becoming law. The Senate transmitted to the Office of the President the harmonized version of Senate Bill 1998 and House Bill 7735, or an […]
Senator Cynthia Villar stressed that the package of support for farmers included in the rice tariffication bill is government’s response to the expiration last June 30, 2017 of the quantitative restriction (QR) on rice importation under the agreement with the World Treaty Organization (WTO). Villar, chair of the Committee on Agriculture and Food, said Senate […]
Senator Cynthia Villar was keynote speaker and guest of honor during a field day showcasing the latest in seed technology and cultivation techniques, which was attended by 80 foreign delegates from 49 countries. Villar, chairperson of the Committee on Agriculture and Food, commended East-West Seed for its work to help smallhold vegetable farmers grow better […]
The Senate passed on third and final reading Senate Bill No. 1998, or the proposed rice tariffication bill, which President Rodrigo Duterte has certified as urgent in a bid to bring down the price of rice in the market and reduce inflation. SB 1998, sponsored by Senator Cynthia Villar, was passed with a vote of […]