AN AGRICULTURAL coalition renewed calls for the restoration of the 35% rice import tariff and sought the resignation of Economy Secretary Arsenio M. Balisacan, AN AGRICULTURAL coalition renewed calls for the restoration of the 35% rice import tariff and sought the resignation of Economy Secretary Arsenio M. Balisacan,

Farmers call for 35% rice tariff, demand Balisacan resignation

AN AGRICULTURAL coalition renewed calls for the restoration of the 35% rice import tariff and sought the resignation of Economy Secretary Arsenio M. Balisacan, claiming that his policies have “benefited no one.”

The Samahang Industriya ng Agrikultura (SINAG) said in a statement on Tuesday that the reduction of rice import tariffs from 35% to 15% under Executive Order No. 62 caused rice imports to increase, putting pressure on farmgate prices offered to farmers for domestically grown palay (unmilled rice).

At the same time, the low palay prices have not been accompanied by a corresponding decline in retail rice prices.

“Our farmers are losing out, their farmgate prices are below production cost, yet consumers still suffer high prices at the retail level. No one has benefited from the policies pushed by the DEPDev under the leadership of Secretary Balisacan,” SINAG Chairman Rosendo O. So was quoted as saying in a statement, referring to the government’s chief economic planner, who heads the Department of Economy, Planning, and Development (DEPDev). 

According to SINAG, government data and independent analyses show rice tariff cuts have not translated into sustained retail price relief, even as global rice costs stabilized.

SINAG also said record levels of rice imports have contributed to oversupply and further depressed farmgate prices.

The Philippine Statistics Authority reported that the national average palay price rose 16.6% month on month to P16.92 per kilo in November. It remained well below the P20.28 price from a year earlier.

“The government’s reliance on imports and tariff reductions has proven disastrous for the economy, undermining domestic food production while failing to lower prices for poor and vulnerable consumers,” SINAG said in the statement. — Vonn Andrei E. Villamiel

Market Opportunity
RICE AI Logo
RICE AI Price(RICE)
$0.005361
$0.005361$0.005361
-0.50%
USD
RICE AI (RICE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
Bitcoin Maintains Edge in Market Fluctuations

Bitcoin Maintains Edge in Market Fluctuations

The post Bitcoin Maintains Edge in Market Fluctuations appeared on BitcoinEthereumNews.com. Recently, Bitcoin has showcased a distinct trend of making lower lows, impacting the overall cryptocurrency market with altcoins also following suit. The market’s response has not been favorable, leading to a significant discussion regarding Bitcoin’s market dominance, especially in light of its recent performance. Continue Reading:Bitcoin Maintains Edge in Market Fluctuations Source: https://en.bitcoinhaber.net/bitcoin-maintains-edge-in-market-fluctuations
Share
BitcoinEthereumNews2025/09/20 03:23
Was China’s latest mining ‘crackdown’ just a lot of FUD?

Was China’s latest mining ‘crackdown’ just a lot of FUD?

The post Was China’s latest mining ‘crackdown’ just a lot of FUD? appeared on BitcoinEthereumNews.com. Journalist Posted: December 20, 2025 In a risk-off market
Share
BitcoinEthereumNews2025/12/20 13:08