Economic body to press Ledac on rice tariffication

THE National Economic and Development Authority (NEDA) said it would ask the Legislative-Executive Development Advisory Council (Ledac) to push for the quick passage of the proposed shift to rice tariffication to mitigate inflationary pressure.

The proposal to amend the Agricultural Tariffication Act, which seeks to lower the prices of rice, was passed recently in the House of Representatives but is pending in Senate.