Marcos to certify rice tariffication amendments

MANILA, Philippines — President Marcos yesterday expressed readiness to certify as urgent the proposed amendments to the Rice Tariffication Law , citing the need for the government to have a say in the pricing and selling of the staple.

“It is something that has come up... The problem is the prices of rice increase because traders are competing. They try to outdo each other in setting high prices when buying palay and we do not have control over that,” the President said when asked about the proposed amendments. Data from the agriculture department showed that the price of local commercial rice ranges from P48 to P66 per kilogram while that of imported commercial rice ranges from P48 to P65 per kilogram as of May 3.

Furthermore, Tiu Laurel disclosed that the NFA must be allowed to import rice again but only through the authority of the agriculture secretary to avert unnecessary losses. “This is in line with the directives of Speaker Martin. Amending the Rice Tariffication Law is one sure step that we can have more competitive prices for Filipinos,” Suarez told reporters.

Former agriculture chief Manny Piñol also lauded Marcos for expressing his readiness to certify proposed amendments to the RTL.

Source: Law Daily Report (lawdailyreport.net)

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