THE Department of Agriculture (DA) said consumers are demonstrating a preference for imported rice in the 5% broken-grain segment over domestic varieties becauseTHE Department of Agriculture (DA) said consumers are demonstrating a preference for imported rice in the 5% broken-grain segment over domestic varieties because

Domestic rice struggling to compete with imports in 5% broken-grain segment — DA

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

THE Department of Agriculture (DA) said consumers are demonstrating a preference for imported rice in the 5% broken-grain segment over domestic varieties because of a perceived quality difference.

Agriculture Secretary Francisco P. Tiu Laurel, Jr. told reporters that he is considering a freeze on imports of 5% brokens to provide relief to rice farmers.

Mr. Laurel said he directed the Philippine Rice Research Institute to provide farmers with better rice varieties such as 222, 218, and RC160, which are currently available in limited volumes.

“Hopefully by 2028, the quality of our rice will be 100% so we can compete,” Mr. Laurel said.

Any halt in imports could take place starting September, he added.

Mr. Laurel said any action against rice imports will also need to await the result of the Tariff Commission’s safeguard measures investigation.

Mr. Laurel said that while the recommendation is to either increase safeguard duties or impose quantitative restrictions, the DA has consulted farmers, millers, importers, and traders about slowing down rice imports.

He said the DA will gain more authority to act on its own with the passage of the Rice Industry and Consumer Empowerment (RICE) Act in about a month, adding that he will bar the entry of imported 5% brokens once the proposed law comes into force.

“As much as possible, we are negotiating (the reduction of imports). If the new RICE Act comes out, I will not allow it. But for now, we are pleading with them,” Mr. Laurel said.

The Tariff Commission will hold a preliminary conference on rice imports on July 10. — Marron Joshua F. Mendoza

Market Opportunity
RICE AI Logo
RICE AI Price(RICE)
$0,006631
$0,006631$0,006631
-%1,71
USD
RICE AI (RICE) Live Price Chart

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

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 crypto.news@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.