Francis Pangilinan, Rice Tariffication, Farmers, Rice, Palay, Harvest, Pangilinan: Farmers Worse Off After Signing Of Rice Tariffication Law | Abs-Cbn News

Francis Pangilinan, Rice Tariffication

Pangilinan: Farmers worse off after signing of rice tariffication law


Pangilinan: Farmers worse off after signing of rice tariffication law

(After the unrestricted rice importation started, many farmers have lamented that they are suffering.)

He said since the country produces about 20 billion kilograms of palay a year, farmers have lost as much as P60 billion since last year.

“Rice farmers all over the country have made the same conclusion: At this point, unrestricted rice imports without the immediate support for the rice farmers is killing them and the industry,” he said.

And since imported rice have flooded the market, there is now little incentive for Filipino farmers to continue with their work.

Citing PSA data, Pangilinan said retail rice prices inched down by P1.83, lower than the envisioned price cut of P7 to P10.

“I have to press on the urgency of the situation. The main harvest will start in September. If nothing is done, we are told, the fear is palay prices will plummet to 7 pesos per kilo,” he said.

He said an anti-dumping duty can also be imposed if the export price of a commodity is less than its normal value in the exporting country and is causing or threatening to cause injury to a domestic industry.

He said the provision in the rice tariffication law allowing the sourcing of cash assistance from the excess of the P10 billion tariff collection should be revisited.

The DA and the Agricultural Credit Policy Council should also expedite the grant of interest-free loans up to P25,000 to farmers under the Survival and Recovery Loan (SURE) Assistance.

Read more: ABS-CBN News

wag na magsisihan. d nmn yan ang solusyon. isip nlng ng paraan paano mkakatulong. F Puro itaas ang sahod... Kung may kailangang itaas ang estado ng pamumuhay sa pamamagitan kita, ang mga magsasak at mamalakaya dapat.

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13 August 2019, Tuesday News

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