Tricky Profit
  • Stock
  • Economy
  • Politics
  • Editor’s Pick
EconomyEditor's Pick

DA pushing for rice tariffication law amendment before March harvest

by August 12, 2025
by August 12, 2025 0 comment

THE Department of Agriculture (DA) said it would like the Rice Tariffication Law to be amended by the harvest in March, and is hoping President Ferdinand R. Marcos, Jr. certifies the amendments as urgent.

Agriculture Secretary Francisco P. Tiu Laurel, Jr. communicated his plans in a recent meeting with Senator Francis Pancratius N. Pangilinan, who chairs the chamber’s agriculture committee.

“Our fighting target is to get these proposed amendments enacted before the start of the harvest, which begins March next year,” Mr. Laurel  was quoted as telling Mr. Pangilinan in a statement issued by the DA.

“lf we could convince President Marcos to certify a bill that includes all these amendments as urgent, then we should get this passed sooner,” he added.

The DA said it obtained Mr. Pangilinan’s support for the proposed amendments to the law, which came into force in 2019. The law allowed private importers to ship in their own rice if they paid a tariff, initially set at 35% on grain from Southeast Asia and since reduced to 15%. The tariffs go into the Rice Competitiveness Enhancement Fund (RCEF), which supports the rice industry’s modernization.

At the same time, the 2019 law removed the National Food Authority’s power to import rice and sell the commodity directly to consumers. 

The law was amended last year to increase the allocation for the RCEF to P30 billion from P10 billion initially.

Mr. Laurel has supported giving the NFA the power to intervene in the rice market to stabilize prices. He has also floated the idea of a support price for palay, or unmilled rice.

The NFA’s current role is limited to procuring palay from farmers to build up the government’s rice reserve, which is released during calamities to keep rice prices under control.

The DA noted that House Bill No. 1 — the so-called RICE Act — filed by Speaker Martin G. Romualdez “essentially encapsulates the revisions sought by the DA.”

“We need to fix a lot of things in the current law, as well as improve the provision of direct support and extension services for farmers and fisherfolk, down to the grassroots level,” Mr. Pangilinan told Mr. Laurel.

The senator also cited the need to boost cooperatives to improve farm productivity and increase yields. — Kyle Aristophere T. Atienza

0 comment
0
FacebookTwitterPinterestEmail

previous post
PEZA to exempt admin workers from WFH cap
next post
Value of gold, copper, nickel, chromite reserves rises 4.6%

You may also like

DA’s Laurel meets with Cambodian counterpart

September 10, 2025

Building code updates, AI rules top DICT legislative...

September 10, 2025

Climate Change Commission calls for nature-based flood-control solutions

September 10, 2025

Chemical manufacturer registered after taking over Batangas ecozone...

September 10, 2025

ARTA seeks additional funding for regions, complaint system

September 10, 2025

Chipmakers see some export growth upside

September 10, 2025

Runway extensions planned for Siargao, Busuanga airports

September 10, 2025

Geothermal de-risking facility expected to launch late 2026

September 10, 2025

Funding for SDG projects estimated at nearly P25B

September 10, 2025

Building materials used in infrastructure must comply with...

September 10, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Ryan Routh trial begins after jury seated in Trump assassination attempt case

      September 11, 2025
    • EXCLUSIVE: House GOP report alleges $20B green grants enriched Biden allies

      September 11, 2025
    • House Democrats open probe into FBI’s handling of Epstein documents

      September 11, 2025
    • JD Vance pens heartfelt tribute to Charlie Kirk after assassination: ‘You ran a good race, my friend’

      September 11, 2025
    • Vigils held across US after assassination of Charlie Kirk: ‘We must heal’

      September 11, 2025

    Disclaimer: TrickyProfit.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2025 TrickyProfit.com All Rights Reserved.

    Tricky Profit
    • Stock
    • Economy
    • Politics
    • Editor’s Pick