<\/p>\n
\u201cThe import levy reduction and the direct sale of imported rice by the government through its Kadiwa centers should bring down the retail price of rice substantially, especially for consumers,\u201d Romualdez said.<\/p>\n He said the effort to reduce rice prices is consistent with the Marcos administration\u2019s goal of making the staple available and affordable.<\/p>\n The leader of the 300-plus members House of Representatives said rice farmers should not worry about the assistance they receive from government, which are funded from the Rice Competitiveness Enhancement Fund set up under Republic Act No. 11203 or the Rice Tariffication Law.<\/p>\n He added that official data showed that as of last month, the fund had accumulated P16 billion from import tariff collections.<\/p>\n \u201cThis means that the government has enough funds to help farmers while it is trying to bring down rice prices through the import tariff cut and direct Kadiwa sales,\u201d he stressed.<\/p>\n The House leader pointed out that the House advocacy of returning the rice importation mandate of the National Food Authority is also meant to make the staple affordable.<\/p>\n The rice importation mandate bill remains pending in the Senate.<\/p>\n \u201cWe should find a long-term solution to the rice price issue,\u201d he said.<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" SPEAKER Ferdinand Martin G. Romualdez on Wednesday lauded the decision of President Ferdinand R. Marcos Jr. to cut the tariff for imported rice from 35<\/p>\n","protected":false},"author":1,"featured_media":6386,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/6385"}],"collection":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/comments?post=6385"}],"version-history":[{"count":1,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/6385\/revisions"}],"predecessor-version":[{"id":6387,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/6385\/revisions\/6387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media\/6386"}],"wp:attachment":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media?parent=6385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/categories?post=6385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/tags?post=6385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
SPEAKER Ferdinand Martin G. Romualdez on Wednesday lauded the decision of President Ferdinand R. Marcos Jr. to cut the tariff for imported rice from 35 percent to just 15 percent.<\/p>\n