(UPDATE) THE House Committee on Agriculture and Food on Tuesday approved the substitute bill that seeks to amend the Rice Tariffication Law (RTL).
THE House Committee on Agriculture and Food on Tuesday approved the substitute bill that seeks to amend the Rice Tariffication Law .The bill — which substituted House Bills 212, 405, 1562, 9030 and 9547 — has been approved by the panel subject to style and amendments.In an interview last week, Speaker Martin Romualdez told reporters that the House of Representatives is set to cut the price of rice 'by at least P10 or even P15...
'By adjusting the framework for rice importation and enhancing the role of the NFA in the market, we can better protect our rice prices from the volatility caused by international markets and the predatory practices of some traders,' the speaker said.'This will lead to more stable and predictable pricing for consumers while ensuring farmers receive a fair price for their produce,' he said.
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