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A party-list lawmaker on Thursday lauded the approval of the proposed amendments to Republic Act 11203 or the Rice Tariffication Law (RTL) by the House Committee on Agriculture and Food.

The Thai armed forces will purchase the rice stored under the rice-pledging scheme for 10 years if its quality is up to par, Defence Minister Sutin Klungsang said.

The House Committee on Agriculture and Food and the House Committee on Ways and Means approved on Tuesday a proposal that seeks to reinstate the price stabilization and supply regulation functions of the National Food Authority (NFA) and increase the Rice Competitiveness Enhancement Fund (RCEF).

Indonesia is the third-largest producer of rice in the world but isn’t self-sufficient, having to import the grain every year to make up for the shortfall.

Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardising the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer, reported Reuters. 

MANILA, Philippines — President Ferdinand Marcos Jr. on Monday said he would certify as urgent the proposed amendments to the Rice Tariffication Law (RTL), in a bid to lower stubbornly high prices of rice that have stoked inflation and weakened Filipinos’ purchasing power.

MANILA, Philippines – The House committee-approved bill seeking to amend Republic Act No. 11203 or the Rice Tariffication Law (RTL) will allow the National Food Authority (NFA) to intervene and sell rice at a lower price during emergencies or when prices spike.

MANILA, Philippines — President Ferdinand Marcos Jr. has agreed to tag as urgent proposed changes to the controversial Rice Tarrification Law (RTL) that would allow the National Food Authority to sell cheap rice in the markets again. 

Thailand exported 2.46 tonnes of rice in the first quarter of this year, up 19.4% from the same period last year, according to Charoen Laothamatas, President of the Thai Rice Exporters Association.

Chhattisgarh’s higher procurement than the State’s production partly offsets shortfall in AP, Telangana, Odisha, UP and M.P.

The global dry bulk shipping community has converged in Switzerland this week for today’s grand opening of the first Geneva Dry, a conference designed to be the annual summit for shipping’s largest sector. 

MANILA, Philippines — The state’s tariff collections from rice imports soared by 60 percent to over P11 billion in the first quarter on the back of higher import volume and declared value of shipments.

SPEAKER Martin Romualdez on Tuesday said the House of Representatives' Committee on Agriculture will expedite the hearings on the amendments to the Rice Tariffication Law (RTL).

MANILA, Philippines — The Department of Agriculture (DA) is seeking tighter control over the rice industry by restricting imports during harvest seasons and inspecting warehouses of traders and importers.

The failure of some farmers who benefitted from the Anchor Borrowers Programme (ABP) to repay the loans extended to them by the Central Bank of Nigeria and the fraud allegations in the scheme that led to its suspension are stalling the country’s quest for rice self-sufficiency.

Vietnam’s rice exports this year are forecast to beat the earlier projection of 7.6 million tons, heard a conference on rice exports.

MANILA, Philippines: The Kadiwa ng Pangulo will start distributing nationwide thousands of bags of Piña rice brand following the arrival of 192,000 25-kilo bags on board the vessel M/V Seagull 09.