Economy
Philippine farmers seek 30% safeguard duty on rice imports
The Federation of Free Farmers (FFF) and the Magsasaka Party-list have urged the Tariff Commission to impose a 30% definitive safeguard duty on rice imports. The groups argue that oversupply from imports is driving down domestic palay prices, impacting farmers' incomes.
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- Farmer groups seek 30% safeguard duty on imported rice
Philippine farmer groups have petitioned the government to impose a 30% safeguard duty on imported rice, citing the impact of surging imports on local producers. This would be in addition to the current 15% tariff.