Rice to flood market

Tempo Desk
4 Min Read
A VENDOR arranges price assigned to each kind of rice, at a stall in E. Rodriguez, Quezon City. The National Food Authority will impose suggested retail price on rice by the end of this month. (Mark Balmores)

 

By GENALYN KABILING

 

A VENDOR arranges price assigned to each kind of rice, at a stall in E. Rodriguez, Quezon City. The National Food Authority will impose suggested retail price on rice by the end of this month. (Mark Balmores)
A VENDOR arranges price assigned to each kind of rice, at a stall in E. Rodriguez, Quezon City. The National Food Authority will impose suggested retail price on rice by the end of this month. (Mark Balmores)

IT will be a “free market for rice” in the country after President Duterte has authorized the “un­impeded” importation of rice to boost supply and lower prices.

The latest decision to liberalize rice importation was reached by the President following a “prin­cipled and fierce” discussion in the Cabinet meeting last Monday, ac­cording to Presidential spokesman Harry Roque.

“The President approved un­impeded importation of rice as a measure to reduce inflation,” Roque said during a Palace press briefing, after the economic team recognized that food prices were primarily responsible for the re­cent inflation spike.

“He wants to flood the market with rice so that even if the price of crude and other oil prices should up still further, that the people will have access to affordable rice,” he said.

With the lifting of the rice import quota system, Roque said the big private companies like San Miguel Corporation could now import rice as much as they can as long as they pay the proper tariffs.

Upon the orders of the President, he said the National Food Authority (NFA) no longer has the power to ac­credit who can import as well as to determine how much rice to import.

“Anyone who can afford it and will pay tariffs for rice will be al­lowed to import rice,” he said.

“Wala na pong restrictions ngayon basta magbayad lang ng taripa at gagamitin natin ang taripa para sa mga Pilipino magsasaka,” he said.

Roque admitted that the rice importation was a “very hot issue” during Cabinet meeting but denied there was a shouting match among some officials who supported and opposed to the proposal.

Asked if tempers flared in the meeting, Roque said: “Close…I don’t think it was a shouting match. I think it was just people being as­sertive about their views.”

He said there was “a principled and fierce” discussion about the current rice importation system and possible solution to the prob­lem. He noted that the President listened to the insights from the Cabinet and decided in the end to liberalize rice imports.

“It was highlighted that mini­mum access volume is minimum. There was no maximum and that’s why the decision to liberalize for all intents and purposes the importa­tion of rice was really the ultimate means by which to rein in inflation as far as food items are concerned,” he said.

Asked if Finance Secretary Car­los Dominguez and Agriculture Secretary Emmanuel Piñol were at odds during the meeting, Roque declined to give details citing ex­ecutive privilege.

“There was a thorough discus­sion of the issue and after present­ing all the issues, the President decided to fully liberalize the im­portation of rice,” he said.

Roque admitted the govern­ment would still push for the rice tariffication bill in Congress “but we will not wait for it.”

“In effect, we did not wait for tariffication,” he said about the President’s decision to liberalize rice importation.

“The consensus was there was no need for anything. the Presi­dent can already order the liber­alization of rice importation be­cause again the language found in relevant instruments is minimum access volume so there is no max­imum,” he said.

He added that there was no timeframe set for the unimpeded rice importation.

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