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NewsTranscript
00:00Next to the camera, the BICAM report was also ratified in the Senate under the proposed amendment to the Rice Tarification Law.
00:09As part of the proposal, the increase in the Rice Competitiveness Enhancement Fund until 2031
00:17and its increase to Php 30 billion per year from the current Php 10 billion.
00:23It will fund programs to increase the production and income of farmers.
00:29And if there is a law, the Department of Agriculture will allow the sale of local rice to other agencies
00:36and import rice if there is a lack of supply.
00:39It can be limited to import, but it is not included in the National Food Authority.
00:45The President will also give the power to stop or limit the amount of rice to be harvested.
00:52Certified Urgent is the proposal that is just waiting for the President's decision to become law.