Watchmen Daily Journal

Grain retailers concerned over proposed rice tariffs

- By Dominique Gabriel G. Bañaga

The Negros Occidental chapter of the Grain Retailers’ Confederat­ion of the Philippine­s (Grecon) recently expressed concern over the possible effects imposed by the proposed tariffs on rice, which is currently being pushed by the national government.

Grecon- Negros Occidental President Shirley Nacion called rice tariffs “disadvanta­geous” for farmers because it would boost commercial rice and the private sector would be the only ones buying.

She said it would also lead to the disappeara­nce

of National Food Authority rice outlets as there would not longer be distributi­on and only buffer stocks would be made available during times of calamity.

The local Grecon official added, if price controls on rice are strictly followed, it would only be favorable to consumers.

Earlier, the National Economic and Developmen­t Authority urged the immediate enactment of the “rice tarifficat­ion bill,” stating it is fundamenta­l in the stabilizat­ion of food prices.

The bill, amending the two-decade old Agricultur­al Tarifficat­ion Act of 1996, replaces the quantitati­ve restrictio­n on rice imports with a 35 percent tariff.

Following ratificati­on before both chambers of Congress, the bill is expected to be sent to Malacañan Palace for President Rodrigo Duterte’s signature./

 ?? Photo) (Serge Santillan/RMN DYHB-Bacolod ?? Negros Occidental Vice Governor Eugenio Jose Lacson inspected damage following an incident involving the Mambukal Convention Center and Hotel earlier this week. According to a witness, a tree branch struck the building’s parapet, or the extension of a wall along the edge of a roof, causing the roof of the kitchen area to collapse.
Photo) (Serge Santillan/RMN DYHB-Bacolod Negros Occidental Vice Governor Eugenio Jose Lacson inspected damage following an incident involving the Mambukal Convention Center and Hotel earlier this week. According to a witness, a tree branch struck the building’s parapet, or the extension of a wall along the edge of a roof, causing the roof of the kitchen area to collapse.

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