Industry players seek deferment of rice tariff cut

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 74 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 94%

Rice Notícia

Industry players are seeking the deferment of the implementation of the tariff cut on rice imports to provide the local sector ample time to prepare for the impact of the economic measure.

Workers arrange sacks of National Food Authority palay or unmilled rice inside their warehouse in Balagtas, Bulacan on May 22, 2024.MANILA, Philippines —

Prism is a group composed of various stakeholders across the rice value chain from seed growers, farmers, millers to traders, importers and retailers. First, they are seeking the proper implementation of support programs to farmers that include subsidies, financial assistance and training to help local producers improve their productivity and competitiveness in light of reduced tariff protection.

The industry group also put forward the establishment of a “robust” monitoring mechanism to track the impact of the tariff reduction on rice prices as well as local production. Pundits have earlier noted that palay prices would drop between P3 and P4 per kilogram while retail rice prices could fall by as much as P7 per kilogram because of the tariff cut.

The government should also promote the consumption of locally-produced rice instead of imported grains to domestic consumers, the group added.VNGGames officially releases newest MMORPG 'Ghost Story: Love Destiny' in Southeast AsiaA celebration of scooter culture and communication in Manila: The Classic Panarea Sessions 2024Apple on Friday said it would delay the rollout of its recently announced AI features in Europe because of"regulatory uncertainties"...

Angel’s Pizza, the popular pizza chain of the Figaro Coffee Group Inc. , plans to eventually spread its wings abroad while also ramping up its bid to become the country’s number one pizza brand...

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 1. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

MARINA marks 50 years of shaping PH maritime industryDefining the News
Fonte: MlaStandard - 🏆 20. / 55 Consulte Mais informação »

DTI sees continued cost pressures on auto industryTHE Department of Trade and Industry (DTI) sees cost pressures and weaker consumer demand making a negative impact on the growth of the local automotive industry.
Fonte: TheManilaTimes - 🏆 2. / 92 Consulte Mais informação »

How this local shapewear line sculpted the e-commerce industry through TikTok ShopIN the competitive shapewear industry in the Philippines, SOLÁ has distinguished itself by leveraging TikTok Shop's distinct features, enhancing the brand's reach and appeal to consumers.
Fonte: TheManilaTimes - 🏆 2. / 92 Consulte Mais informação »

Huawei Pura 70 Series raises the bar for smartphones in the industryFilipinos can get their hands on the most powerful and stylish smartphone this year nationwide as Huawei's latest line of smartphones, the Pura 70 Series, is fast approaching in the Philippines.
Fonte: TheManilaTimes - 🏆 2. / 92 Consulte Mais informação »

HSMA’s 2nd Sales & Marketing Summit to spotlight hospitality trends, addressing travel industry woesThe Hotel Sales and Marketing Association (HSMA), the premier organization of hotel sales and marketing leaders in the Philippines, is set to stage the second Sales & Marketing Summit this month.
Fonte: PhilstarNews - 🏆 1. / 94 Consulte Mais informação »

HSMA’s 2nd Sales & Marketing Summit to spotlight hospitality trends, address travel industry woesThe Hotel Sales and Marketing Association (HSMA), the premier organization of hotel sales and marketing leaders in the Philippines, is set to stage the second Sales & Marketing Summit this month.
Fonte: PhilstarNews - 🏆 1. / 94 Consulte Mais informação »