What to expect from changes in rice tariffication law? First, a more powerful NFA.

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The crux of the matter? The NFA can import rice again and will be empowered to do so when there are “no available stocks” from local farmers and cooperatives. Some farmers from Nueva Ecija welcomed the particular amendment of the NFA being able to import rice again. “Pangalawa, hindi makakapagmalaki ‘yung mga traders na, sila kasi po ang volume na kumukuha ng import na rice,”Meanwhile, the Samahang Industriya ng Agrikultura said the RTL has nothing to do with the rising prices of rice. House Speaker Martin Romualdez had

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Recto: NFA debt won't balloon with RTL changesFINANCE Secretary Ralph Recto has given an assurance that the debt of the National Food Authority (NFA) will not increase with the proposed amendments to Republic Act (RA) 11203 or the Rice Tariffication Law (RTL).
Source: TheManilaTimes - 🏆 2. / 92 Read more »