Intentar ORO - Gratis
DA wants rice imports suspended
Business World Philippines
|August 05, 2025
THE Department of Agriculture (DA) on Monday recommended to President Ferdinand R. Marcos, Jr. a suspension of rice imports and increased tariffs to protect local farmers amid declining farmgate prices.
This is meant to shield Filipino rice producers from the continued influx of lower cost imported rice, which has been putting pressure on domestic prices in recent months, according to the Presidential Palace.
The move seeks to strike a balance between supporting local farmers and maintaining a stable food supply across the country, it added.
Presidential Communications Office Acting Secretary Dave M. Gomez did not give further details regarding the proposal but noted that Cabinet members will discuss this with Mr. Marcos during his trip to India from Aug. 4 to 8.
In June, Agriculture Secretary Francisco P. Tiu Laurel, Jr. told the House of Representatives that he recommended that the Tariff Commission implement a phased increase in rice import duties to the original 35% from the current 15%.
He also proposed that the tariff adjustment be aligned with the harvest periods of the Philippines’ key suppliers — around late September for Vietnam and December for Pakistan — to mitigate any adverse impact on the local market.
Mr. Marcos signed Executive Order (EO) No. 62 in June 2024, which slashed rice import tariffs to 15% from 35% until 2028 in a bid to curb rice prices. The tariff is subject to review every four months.
Former Agriculture Undersecretary Fermin D. Adriano said suspending rice imports or limiting these to 1 million metric tons (MT) could trigger a severe supply shortage.
Last year, the Philippines imported 4.7 million MT and is expected to import even more this year.
“The United States Department of Agriculture predicts we will import a higher amount this year,” Mr. Adriano said in a Viber chat. “How will DA fill up the huge supply gap, given that dramatic productivity levels cannot be achieved in a year’s time?”
Esta historia es de la edición August 05, 2025 de Business World Philippines.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Business World Philippines
Business World Philippines
PhilCycling honors a junior champion rider
THE PhilCycling will honor a young champion rider from Pangasinan who died recently when it stages its National Championships for Road 2026 unfurling on Sunday in Tagaytay City.
1 min
February 23, 2026
Business World Philippines
Meralco chairman signals steady 2025 performance ahead of results
MANILA ELECTRIC CO. (Meralco) Chairman and Chief Executive Officer Manuel V. Pangilinan described the company’s 2025 performance as “good,” citing growth in its distribution operations and renewable energy initiatives as key contributors.
1 mins
February 23, 2026
Business World Philippines
Yields on BSP bills drop after rate cut
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) short-term securities declined further on Friday as it cut benchmark borrowing costs for a sixth straight meeting.
1 min
February 23, 2026
Business World Philippines
Lower vape taxes will worsen the vape epidemic
YELLOW PAD PIA RODRIGO and GAGE ANDAL
3 mins
February 23, 2026
Business World Philippines
US stocks gain after SC rules against Trump tariffs
US STOCKS ended higher on Friday, led by gains in Alphabet, Amazon and other Wall Street heavyweights after the Supreme Court (SC) struck down President Donald J. Trump’s global tariffs.
2 mins
February 23, 2026
Business World Philippines
More on tanking
The stretch run of a National Basketball Association (NBA) campaign is supposed to sharpen competitive instinct.
3 mins
February 23, 2026
Business World Philippines
Nvidia close to investing $30 billion in OpenAl’s mega funding round
NVIDIA is close to finalizing a $30-billion investment in OpenAl, as the chipmaker moves to take a stake in one of its largest customers, a person familiar with the matter said.
1 min
February 23, 2026
Business World Philippines
MMPC wins service advisor tilt in Tokyo
MITSUBISHI MOTORS Philippines Corp. (MMPC) was declared champion of the Service Advisor category of the Global Service Skills Contest (GSSC) 2025 in December at the Tokyo Ryutsu Center in Tokyo, Japan.
1 mins
February 23, 2026
Business World Philippines
2026 budget release rate hits 62.6%
THE Department of Budget and Management (DBM) said 62.6% of the 2026 national budget had been released by the end of January.
1 min
February 23, 2026
Business World Philippines
DLSU professor wins international Innovation Award
A DE LA SALLE University (DLSU) faculty member won the Hitachi Global Foundation Asia Innovation Award 2025, an international award that recognizes individuals and groups for their outstanding achievements in research and development (R&D) in science and technology.
1 mins
February 23, 2026
Listen
Translate
Change font size
