* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, September 19, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

    Massive Attack Announces Plans to Pull Their Music from Spotify

    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

    Massive Attack Announces Plans to Pull Their Music from Spotify

    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Tariff cut seen to lower rice prices by P6-P7/kilo

June 22, 2024
in News
Tariff cut seen to lower rice prices by P6-P7/kilo
Share on FacebookShare on Twitter

PRICES of rice are expected to drop by P6 to P7 per kilogram (kg) in the coming months with the lowering of the rice tariff, the Department of Agriculture (DA) said on Saturday.

The reduced tariff is provided under Executive Order (EO) 62 issued recently by President Ferdinand Marcos Jr.

“So, we expect, according to the first forecast of the Philippine Statistics Authority (PSA), that the price of imported rice will decrease from P6 to P7 because of this tariff reduction,” Agriculture Assistant Secretary Arnel de Mesa said during a Saturday News Forum in Quezon City.

President Ferdinand Marcos Jr., through Executive Secretary Lucas Bersamin, on Thursday approved EO 62 to formalize changes to the 2024-2028 tariff program.

The order will effectively cut the rice levy from 35 percent to 15 percent.

Get the latest news

delivered to your inbox

Sign up for The Manila Times newsletters

By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.

De Mesa said the validity of EO 62, particularly on the rice tariff reduction, was 15 days upon its publication, or by July 6, while those for other commodities would take effect 30 days upon its publication.

“So, if it takes effect on July 6, we can expect that within August, there will be the arrival of imported rice. If such a tariff is applied immediately, there’s a new tariff scheme for rice,” he said.

The DA anticipates a price decrease by August, coinciding with the expected arrival of imported rice from Vietnam within the next three to four weeks.

With a landed cost of P46 to P47 per kilo and additional expenses factored in, the retail price of imported rice was projected to reach around P52 per kilo.

According to the DA price watch, well-milled rice sold in public markets during the last day of May stood at P48 to P55 per kilo, while regular milled rice was priced around P45 to P52 per kilo.

President Marcos’ campaign promise is to reduce the price of rice to P20 a kilo.

At a Palace briefing earlier this month, Socioeconomic Planning Secretary Arsenio Balisacan said the move was seen to bring down the price of rice to P29 a kilo.

“The Department of Agriculture (DA) is aiming for a reduction [to] P29 per kilo, at least for the poor, because we will complement this tariff reduction with the direct subsidies to the poor and vulnerable so that at least they could access the food,” Balisacan said.

De Mesa said that EO 62 did not aim to set aside local production of Filipino farmers but to ensure affordable prices of imported commodities.

“Again, our priority is still the local production,” de Mesa said, debunking impressions that EO 62 aims to provide more income to foreign farmers than Filipinos.

The DA officials said the government was looking for ways to reduce rice tariffs and eventually reduce rice prices in the Philippines.

Prices of rice in the country are also affected by the movement of prices in the international market, he said.

The review aims to determine if there are significant changes in prices of commodities in the international market, particularly on rice, that have to be determined by the Tariff Commission or by the government, he added.

Meanwhile, de Mesa assured beneficiaries of its “Bigas 29” program that they would be provided with good-quality rice.

He said the aging rice stocks would undergo the National Food Authority’s (NFA) laboratory and sensory test.

Aging stocks are rice that has been stocked for three months and palay or unhusked rice that has been stocked for six months.

The Bigas 29 program, recently approved by the NFA Council, aims to provide affordable rice worth P29 per kilogram for select beneficiaries.

De Mesa said Bigas 29 would benefit about 6.9 million households or approximately 34 million individuals.

Among the beneficiaries are the vulnerable sector, including members of the government’s conditional cash transfer program, senior citizens, persons with disabilities and solo parents.

De Mesa said the DA was addressing logistical, administrative and financial concerns to ensure a smooth rollout of the program next month.

“We have an ongoing trial period so that we can see those possible logistical, administrative and financial concerns that we want to be fixed before having a rollout, again, within July,” he said.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Manila Times – https://www.manilatimes.net/2024/06/23/news/national/tariff-cut-seen-to-lower-rice-prices-by-p6-p7kilo/1952726

Tags: Lowernewstariff
Previous Post

Timor Leste court releases Teves from house arrest

Next Post

‘Stronger words’ needed to define PH-China sea clash – expert

Simons Collaborations in Ecology and Evolution – Simons Foundation

Innovative Breakthroughs in Ecology and Evolution Through Collaborative Research

September 19, 2025
Michigan Science Center’s vertical wind tunnel demonstration – CBS News

Experience the Thrill of Michigan Science Center’s Vertical Wind Tunnel Demonstration!

September 19, 2025
Roane State and TCAT Knoxville celebrate ‘Countdown to Grand Opening’ for Knox Regional Health Science Education Center – WVLT

Roane State and TCAT Knoxville Kick Off Exciting Countdown to Grand Opening of Knox Regional Health Science Education Center

September 19, 2025
Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

Huawei Unveils New AI Chip Tech to Challenge Nvidia’s Lead – Bloomberg.com

September 19, 2025
Klutch Sports Group Signs Maria Taylor – Variety

Klutch Sports Group Scores Big with Star Broadcaster Maria Taylor Joining the Team

September 18, 2025
Historic chills fit in nicely at Old World Wisconsin’s Halloween special program – Milwaukee Journal Sentinel

Historic chills fit in nicely at Old World Wisconsin’s Halloween special program – Milwaukee Journal Sentinel

September 18, 2025
The Economy Is Turning Into a Black Box – The Atlantic

The Economy Is Turning Into a Black Box – The Atlantic

September 18, 2025
Massive Attack Say They’ll Remove Music From Spotify – yahoo.com

Massive Attack Announces Plans to Pull Their Music from Spotify

September 18, 2025
Ex-UC Health doctor who performed genital ultrasounds in his apartment sentenced to jail – Cincinnati Enquirer

Former UC Health Doctor Sentenced to Jail for Performing Genital Ultrasounds in His Apartment

September 18, 2025
Readers respond: Politics should avoid zero-sum game – OregonLive.com

Readers Respond: Why Politics Must Move Beyond the Zero-Sum Game

September 18, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (826)
  • Economy (845)
  • Entertainment (21,724)
  • General (17,113)
  • Health (9,890)
  • Lifestyle (859)
  • News (22,149)
  • People (850)
  • Politics (855)
  • Science (16,056)
  • Sports (21,345)
  • Technology (15,828)
  • World (829)

Recent News

Simons Collaborations in Ecology and Evolution – Simons Foundation

Innovative Breakthroughs in Ecology and Evolution Through Collaborative Research

September 19, 2025
Michigan Science Center’s vertical wind tunnel demonstration – CBS News

Experience the Thrill of Michigan Science Center’s Vertical Wind Tunnel Demonstration!

September 19, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version