Philippines Senator Francis Pangilinan urged economic managers to issue the new rice tariff setting guidelines as soon as possible. He also urged to release the remaining PHP13-billion balance under the Rice Competitiveness Enhancement Fund (RCEF). In this context, he warned that continuous delays are affecting farmers’ preparations for the next harvest. He said that economic managers earlier committed to release the revised rice tariff guidelines within the first week of December. With the deadline approaching, he said any setback would heighten uncertainty for Philippines rice farmers planning for the February–March harvest.
Francis Pangilinan said that given the rapid changes in global rice prices, making timely tariff adjustments are essential. “Real-time ang pagbabago ng world rice prices, sana real-time din adjustment sa taripa. O near real-time (World rice prices change in real time, so tariff adjustments should also be real time. Or at least near real time),” he added.
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