Higher production costs, low gov’t buying price add to rice crisis specter
MANILA, Philippines—Because of the Rice Tariffication Act’s (RTA) provision that the National Food Authority (NFA) can only source rice from local farmers, the agency already scrapped its proposal to import 330,000 metric tons of rice. Last week, Malacañang said the NFA suggested the importation of rice to cover an expected deficit in its buffer stock, […]
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