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UNTV News : Rice Tarrification Law, importation ‘ravage’ agricultural sector — Marcos

News & Interviews
6 December 2021

By Maris Federez | UNTV News

MANILA, Philippines — Presidential aspirant, former senator Ferdinand ‘Bongbong’ Marcos believes that rice importation being adopted by the government has been posing a challenge to the agricultural sector.

Marcos made the statement during the Agri 2022 online forum where the topic of suspending the implementation of the Rice Tariffication Law surfaced.

“I understand that during the crisis, during the pandemic, our government decided to use importations to maintain the price of rice. Okay, that’s been effective. [But] the problem with importation and the Rice Tarrification Law is that it ravages the local agriculture,” Marcos said.

“But in the short term there’s still much that we can do. I think, ako, I wouldn’t mind if we suspend the Rice Tarrification Law first because it’s really destroying [the industry]. NFA is now buying Php18 to Php19. People don’t plant anymore at Php19,” he added.

Marcos also said that there are now very few younger generations who would want to venture into agriculture due to very small revenues being actually earned by farmers. —/mbmf (from the report of UNTV Correspondent Nel Maribojoc)