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Philippines
Wednesday, June 26, 2024

Business

Rice tariff may revert to 35% on falling prices

Department of Agriculture (DA) Secretary Francisco Tiu Laurel hinted at the possibility of reverting the rice import tariff to its original rates, if rice prices continue to fall. Agriculture Secretary Francisco Tiu Laurel said during the Kapihan Forum series hosted by the Philippine Chamber of Commerce and Industry (PCCI) said the P42 to P45 per kilogram level would be the "right range" to consider bringing back the rice tariffs.  “If ...

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