Farmers and advocates warn of the negative impacts of rice tariffication.
Tags: Philippine rice industry
Price increases are to be expected as the country’s staple food will be solely at the hands of the profit-oriented private sector.
While not a guarantee to lower prices in the long run, opening up the rice sector to unbridled imports leaves the country’s rice security at the mercy of an unpredictable and increasingly unreliable world market. This happens as 95 percent of Philippine rice imports come from just two countries whose own domestic production is either slowing down or declining. Globally, rice production has been steadily decelerating in the past four decades.
“This situation may lead to chaos and further manipulation of the supply and price of the staple by unscrupulous traders.”