Excess rice tariffs should go straight to beleaguered farmers 0 SHARES Share it! The plunging farm gate prices have been attributed to Republic Act (RA) 11203, the Rice Tariffication Law (RTL). Implemented last March, the law did away with the old quantitative restrictions on imported rice in exchange for tariffs. RCEF, a component of RA 11203 that’s been packaged as an aid mechanism for local farmers is made possible via the collected tariffs. There are 2.5 million rice farmers in the country.

Source: Manila Bulletin November 17, 2019 07:07 UTC