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BANGKOK — Thailand’s cabinet on Tuesday agreed to extend a waiver on operating fees for hoteliers for two more years to support the recovery of the country’s tourism sector, and also approved a subsidy for rice farmers.

PRICES of rice are expected to drop by P6 to P7 per kilogram (kg) in the coming months with the lowering of the rice tariff, the Department of Agriculture (DA) said on Saturday.

Santo Domingo – The President should discuss the plan because he foresees that the producers will want to lower their investments.

MANILA, Philippines — Rice stakeholders have given an assurance that market prices can go down to P45 to P46 per kilogram by July due to savings from lower tariff rates, House of Representatives Speaker Ferdinand Martin Romualdez said on Monday.

Rice prices in the country could go down to P29 to 34 per kilo by August, House Speaker Martin Romualdez said Monday.

MANILA, Philippines — The Department of Agriculture (DA) intends to import 363,697 metric tons (MT) of rice to support a government program to sell rice that is aging but still of good quality to vulnerable sectors at a subsidized price of P29 starting in July.

PAU experts advocate climate-smart rice cultivation in Punjab, highlighting water-saving techniques and sustainable practices to secure future agricultural viability.

The Solvent Extractors' Association of India (SEA) has appealed to the Indian government to lift the ban on de-oiled rice bran exports beyond July 31. The ban, implemented last year due to high fodder prices, is no longer necessary as domestic prices have slumped due to increased supply.

MANILA, Philippines — Greater importation of milled rice encouraged by tariff cuts can offset expected forgone revenues, auguring well for the Rice Competitiveness Enhancement Fund (RCEF) which is funded by the tariff revenues, according to Finance Secretary Ralph Recto.

MANILA, Philippines — The Philippines’ rice imports this year could reach 4.6 million metric tons as a result of the Marcos administration’s decision to slash tariffs on the commodity, according to the United States Department of Agriculture (USDA).

(VAN) The Philippines reduced the rice import tax from 35% to 15%. Businesses in the Mekong Delta believed there was an opportunity for Vietnamese rice to keep prices high and boost exports to this market.

Five major food items are set to increase in price this June following supply disruptions that the recent heavy rains have occasioned.

A lawmaker has renewed his call for the passage of a measure that will allow the government to buy rice from farmers at P5 to 10 more per kilo than farm gate prices amid the looming reduction of tariff for imported rice.

THE REDUCED duties on rice imports will shrink the pool of money available to allocate as farmer aid under the Rice Competitiveness Enhancement Fund (RCEF), but will not affect the core RCEF programs involving farm modernization, analysts said.

MANILA, Philippines — The Department of Finance (DOF) has estimated that revenue losses from rice tariff reduction may reach up to P22 billion this year as the government moves to bring down inflation and eventually cut interest rates to make room for economic growth.

The country’s imported rice arrivals have reached more than 2.08 million metric tons (MMT) as of May 30, according to the latest data from the Bureau of Plant Industry (BPI). 

The International Rice Research Institute (IRRI) is interested in a project to develop one million hectares of high-quality, low-emission rice associated with green growth in Vietnam’s Mekong Delta, Director General Yvonne Pinto told Deputy Minister of Agriculture and Rural Development Tran Thanh Nam at their meeting in Can Tho city on June 6.