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Senator Raffy Tulfo called for the review of the Rice Tariffication Law (RTL) as he expressed alarm that the future of the rice farming industry is in danger because of existing policies. In a Senate Privilege Speech recently, Tulfo said that while RTL had good intentions and ideas, it failed to fulfill its promises. “The […]
In a decisive move to address the urgent need to stem the increase in the prices of basic goods, particularly rice, the House of Representatives approved on third and final reading House Bill 10381, which would strengthen the government’s buffer stocking authority. The bill, which received an overwhelming majority of 231 affirmative votes, three negative votes, […]
The House of Representatives during plenary proceedings completed the period of sponsorship and debate for House Bill 10381, a Malacañang-certified measure that seeks to amend the Rice Tariffication Law (RTL) to lower prices of rice.In his sponsorship speech, House Committee on Agriculture and Food chairperson Representative Wilfrido Mark Enverga of Quezon said Republic Act 11203, […]
The Department of Agriculture urged Congress to restore the National Food Authority’s function as a rice price stabilizer and increase its fund allocation for programs to enhance rice production and farmers’ incomes as lawmakers’ deliberate on measures seeking to extend the Rice Tariffication Law. In his report to the House of Representatives’ Committee on Agriculture […]
In the House deliberations on amending Republic Act No. 11023 or the Rice Tariffication Law (RTL), AGRI Party-list Rep. Wilbert T. Lee has reiterated his call to restore the National Food Authority’s (NFA) power to buy palay from local farmers which would be sold at a cheaper price in the market for as low as […]
Agriculture Secretary Francisco Tiu Laurel, Jr. supports the proposed extension of the Rice Tariffication Law subject to modifications that will ensure optimum impact on modernizing agriculture, enhancing farm productivity and improving rice farmers’ competitiveness and income. “Definitely, I think it should be extended. But there should be adjustments so we can adapt to the times,” Tiu Laurel […]
Vice-presidential aspirant Senator Kiko Pangilinan agreed to the call of a local farmers’ group in Baler, Aurora to amend the Rice Tariffication Law for farmers to recover from revenue losses. “Kinakailangang reviewhin itong Rice Tariffication measure at mabigyan ng amendments kasama na doon ang powers of regulatory function of NFA para mabantayan din iyong merkado,” […]
Ushering in the third year of implementation of the Rice Tariffication Law (RTL), about one million farmers will receive P15-billion worth of farm machinery and equipment, enabling them to mechanize their operations and reduce the average cost of producing rice. “The continued implementation of the Rice Competitiveness Enhancement Fund (RCEF) as provided under RTL is […]
During the press conference updating the public on the Rice Tariffication Law (RTL), Trade Secretary Ramon Lopez lauded the “game-changing” measure for bringing down retail prices of regular milled rice and well-milled rice to a seven-year low since the start of its implementation last March 5, 2019.“From the DTI perspective, we are always after the […]
The government was able to raise P14 billion from tariffs on rice imports during the first year of the implementation of the rice tariffication law (RTL). During the RTL’s anniversary celebration in Urdaneta City, Pangasinan, Department of Finance (DOF) Executive Assistant Renzo Enrico Blanco said the government collected P12.31 billion in 2019, and P1.71 billion […]