Former DA chief says rice law made smuggling easier - BusinessWorld Online

“We don’t need to repeal the law. We only need to amend it. Number one, we need to bring back the regulatory and supervisory powers of the NFA over the rice industry,” Mr. Piñol said on One News.

The Federation of Free Farmers urged President Ferdinand R. Marcos, Jr. and the new Congress to review the law and propose amendments as necessary. FFF National Manager Raul Q. Montemayor said that although the law allowed the entry of cheaper imported rice, the savings were mostly captured by importers and traders and were not passed on to consumers.

“The law was an important legislation passed by the previous administration and was instrumental in helping lower prices in the Philippines. Part of the law was the Rice Competitiveness Enhancement Fund , which funds the improvement of domestic rice production,” he said in an e-mail.

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