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Rice retailers are calling for a two to three-month grace period to allow retailers and millers to unload existing rice stocks before the tariff reduction takes effect.
“These include imported rice bought with a 35 percent tariff and locally milled rice acquired during the last harvest, where palay prices ranged from P29 to P31 per kilo,” he said. The group also expressed concerns about the potential impact of the reduced tariff on Filipino farmers. The program should include support for seeds, fertilizer, and additional cash incentives, to ensure continued income and livelihood of farmers, he said.
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