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THE Agriculture Department will seek a review of a Palace directive that slashed rice tariffs should local market prices drop beyond P42 per kilo.

Authorities also want more reassurances about winning bidder's financial capability

MANILA, Philippines — 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.

SCIENCE CITY OF MUN̈OZ — Rice millers in Nueva Ecija have appealed to Pres. Ferdinand Marcos, Jr. to give them a window period to dispose of their stocks before issuing an executive order that will drastically cut rice prices.

Agriculture stakeholders are proposing a periodic review of rice tariffs instead of outright reduced rates until 2028.

Rice is a staple food in Nigeria, consumed by millions daily. It’s not just a regular meal but also a ceremonial food featured in various events.

The National Food Authority (NFA) will continue building up the country’s buffer stock for emergencies and natural disasters even after surpassing its palay procurement target for the first half of this year.

HOUSE Speaker Martin Romualdez said the House of Representatives and the Senate were nearing an agreement on changes to the Rice Tarrification Law (RTL).

SPEAKER Ferdinand Martin G. Romualdez said Sunday that Congress is on the verge of amending the Rice Tariffication Law, citing how the two chambers have come to resolve contentious issues in the bill.

MANILA – The rice tariff cut will help reduce headline inflation by at least 0.36 percent, an economist said.

Senator Robin Padilla said that the president can be the best spokesperson to impart the benefits of the Rice Tariffication Act to communities.

KUCHING, June 11 — The Sarawak government has set aside RM1 billion to develop 10,000 hectares in Stumbin, Lingga and Tanjung Bijat areas in Sri Aman division for paddy cultivation, Premier Tan Sri Abang Johari Openg said today in a bid to compete with Kedah as Malaysia's rice bowl. He said RM500 million will be allocated next year and another RM500 million for 2026.

BEIJING -- Chinese researchers have established a platform for the discovery, utilization, and innovation of superior genes from wild rice germplasm, according to the Chinese Academy of Agricultural Sciences.

Bidders interested in participating in the government’s 10-year rice auction exceeded expectations, totalling eight companies.

THE recently approved tariff cut on rice imports will reduce government revenue by up to P22 billion, but will pave the way for inflation to fall sufficiently to justify bringing down policy rates, the Department of Finance (DoF) said.

Effective June 1, 2024, traders importing rice and produce from Tanzania will be required to label it according to the new guidelines provided by the Uganda Revenue Authority.

In what could boost grain supplies in the market, the new central government will focus on liquidating the huge surplus of rice stocks held with the Food Corporation of India (FCI) ahead of the new paddy procurement season (2024-25) scheduled to commence on October 1.