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Reversing Rice Liberalization Law Urged to Address Low Procurement and High Inflation

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Rice Liberalization Law,Low Procurement,High Inflation

A farmer group in the Philippines calls for the reversal of the rice liberalization law to address the low procurement of rice grains and high rice inflation. The group argues that the law gives too much power to private rice traders, while farmers struggle with production and harvests due to drought and dry spells.

MANILA, Philippines — A farmer group on Wednesday said that reversing the rice liberalization law would help address the low procurement of rice grains and high rice inflation.

"It is easy and convenient for the government to rely on importation to ensure rice supply but importation and liberalization are what's causing the cyclic rice crisis," the group’s statement read, quoting KMP Chairperson Danilo Ramos. "Farmers are willing to sell to the NFA if only the agency would offer a higher buying price. Sobrang taas pa rin ng gastos sa produksyon sa bawat ektarya ng palay. Kung mababa ang bili ng NFA sa palay ng mga magsasaka, wala nang kikitain o malulugi ang mga magsasaka," the group added, quoting Ramos.Last week, the Philippine Statistics Authority said that the country’s rice inflation rose to 24.4% in March, slightly up from February's 23.7%.

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Rice Liberalization Law Low Procurement High Inflation Private Rice Traders Farmers Drought Dry Spells Rice Industry Rice Importation El Niño

 

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