DA: Rice tariff cuts could be short term

by Janine Alexis Miguel - Niña Myka Pauline Arceo

Jun 26, 2024 12:50 am

THE Agriculture Department will seek a review of a Palace directive that slashed rice tariffs should local market prices drop beyond P42 per kilo.

Executive Order (EO) 62, signed by President Ferdinand Marcos Jr. just last week, cut the import duty on rice to 15 percent from an already-lowered 35 percent up to 2028 in a bid to keep inflation under control.

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