The Department of Agriculture (DA) said Wednesday that the executive order which reduced the tariff on imported rice from 35% to 15% has resulted in lower retail prices of rice, contradicting an earlier statement by the National Economic and Development Authority (NEDA).
"Kung titignan natin ay mayroon namang pagbaba sa presyo ng bigas per the monitoring na rin natin. Kung titignan natin, isa pang punto, sa dami ng naging pinsala at pagtaas din ng dollar exchange, kung wala itong taripa, 'yung pagpirma ng ating pangulo, pagbawas ng from 35% to 15%... sigurado na mas mataas pa 'yung presyo ng bigas sa panahon na ito," DA spokesperson Arnel De Mesa said in Bagong Pilipinas Ngayon public briefing.
(If we will take a look, there's a decline in the price of rice per our monitoring. We can also point out that if not for the tariff cut from 35% to 15% signed by the President, rice prices these days would be higher because of damage to agriculture and the high dollar exchange rate.)
The DA made the statement after NEDA said on Tuesday that President Ferdinand "Bongbong" Marcos Jr.'s Executive Order 62, which lowered the tariff on imported rice from 35% to 15%, did not lead to a reduction in rice prices as anticipated.
"This is a puzzle also for us... perhaps this deserves a more nuanced analysis," said NEDA Director Nieva Natural during a House Murang Pagkain Supercommittee hearing.
Natural noted that dominant market players were pricing goods above competitive levels, making retail prices nearly equal to locally produced rice.
For its part, the Bureau of Customs said that while the tariff cut reduced the landed cost of imported rice from P40.26 to P33.93 per kilogram, retail prices remained high.
The Department of Agriculture (DA) said Wednesday that the executive order which reduced the tariff on imported rice from 35% to 15% has resulted in lower retail prices of rice, contradicting an earlier statement by the National Economic and Development Authority (NEDA).
"Kung titignan natin ay mayroon namang pagbaba sa presyo ng bigas per the monitoring na rin natin. Kung titignan natin, isa pang punto, sa dami ng naging pinsala at pagtaas din ng dollar exchange, kung wala itong taripa, 'yung pagpirma ng ating pangulo, pagbawas ng from 35% to 15%... sigurado na mas mataas pa 'yung presyo ng bigas sa panahon na ito," DA spokesperson Arnel De Mesa said in Bagong Pilipinas Ngayon public briefing.
(If we will take a look, there's a decline in the price of rice per our monitoring. We can also point out that if not for the tariff cut from 35% to 15% signed by the President, rice prices these days would be higher because of damage to agriculture and the high dollar exchange rate.)
The DA made the statement after NEDA said on Tuesday that President Ferdinand "Bongbong" Marcos Jr.'s Executive Order 62, which lowered the tariff on imported rice from 35% to 15%, did not lead to a reduction in rice prices as anticipated.
"This is a puzzle also for us... perhaps this deserves a more nuanced analysis," said NEDA Director Nieva Natural during a House Murang Pagkain Supercommittee hearing.
Natural noted that dominant market players were pricing goods above competitive levels, making retail prices nearly equal to locally produced rice.
For its part, the Bureau of Customs said that while the tariff cut reduced the landed cost of imported rice from P40.26 to P33.93 per kilogram, retail prices remained high.
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