FFF concerned about impact of imported rice entering PH at reduced tariffs

PTVPhilippines

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00:00Rice prices come tumbling down once the latest batch of imported grains begins to flood the market,

00:06and the country's farmers need not worry or dread about lower farmgate prices for their unhusked grains or palay.

00:13The NFA will fill in the gap to ensure they get a fair deal on their yield.

00:17Our Clayzel Pardilia tells us more.

00:22As the rice harvest season begins,

00:25the Federation of Free Farmers has expressed concerns about the impact of imported rice entering the country at reduced tariffs.

00:55Because their inputs have increased, like abolo, gasoline for irrigation, and then they will recover from El Nino.

01:07From January to September this year, more than 3 million metric tons of imported rice have arrived in the Philippines.

01:15Approximately 26.7 percent, or 800,000 metric tons of this total began to enter the country in June.

01:23following the issuance of an executive order that lowered tariffs on imported rice.

01:28The Federation of Free Farmers warns that if this trend continues and coincides with the peak of the harvest season,

01:36it could severely impact local farmers.

01:54The supply in the market is too high. The price of rice will fall further.

02:00They will return the tariff to 35 percent.

02:03Because there is no need for imports at that time because they are importing a lot.

02:10The subject of the discussion is that Secretary himself recommended that there will be a periodic review,

02:20during the implementation of the EO62.

02:23But this is a very early stage to really determine the impact of the EO62 on pricing and the effect on the farmgate price.

02:34The National Food Authority has pledged to purchase farmers' harvests at fair prices.

02:40The agency has an additional 11 billion pesos in funding,

02:44which will suffice to buy over 7 million sacks of palay in the last quarter of the year.

03:11That's what our farmers expect from the NFA.

03:15That price is more than enough for them to earn a good income.

03:21The palaya procured by the NFA from the farmers is used for government relief operations during disasters.

03:28The Department of Agriculture has previously reported of 2 million sacks of rice stored in NFA warehouses across the country.

03:36This is part of the preparations of President Ferdinand R. Marcos, Jr.'s administration for La Niña

03:42and to ensure a sufficient supply of rice in times of emergencies or calamities.

03:48Kalei zalparadilya for the new and better Philippines!

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