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Aug 6, 2018 @ 12:08

Imposition of tariff on rice imports will make Filipino farmers poor

Research group IBON Foundation has warned that the imposition of a 35-percent tariff on rice imports will only make Filipino farmers much poorer.

According to the group, tariffication will only result to more rice imports since it is still effectively cheaper than the locally produced rice.

“The prevailing farmgate price of P21 does not provide sufficient income from the farmers’ average production cost of P12 per kilo,” IBON said in a statement.

“If higher importation will decrease farmgate prices, then the already insufficient income of farmers will fall further,” it added.

Under Republic Act 8178, or the Agricultural Tariffication Act of 1996, the rice-impact quota enjoyed by the National Food Authority (NFA) would be removed to allow businessmen to import the staple with a corresponding tariff rate, in keeping with the goal of stabilizing rice prices and artificial shortages.



 

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