Philippines: Amended Rice Tariffication Law Signed Extending Rice Competitiveness Enhancement Fund to 2031

  |   Attaché Report (GAIN)   |   RP2024-0047

Contact:

Office of Agricultural Affairs, Manila   |   (011-632) 301-4900

Link to report:

Philippines: Amended Rice Tariffication Law Signed Extending Rice Competitiveness Enhancement Fund to 2031
Philippine President Ferdinand Marcos Jr. signed Republic Act (R.A.) No. 12078 on December 9, 2024, which extended the implementation of the Rice Competitiveness Enhancement Fund (RCEF) until 2031. The amendment increased the annual RCEF budget from Php 10 to 30 billion (Bn), providing funding for rice industry supporting programs. The law, likewise, provides that the Philippines Department of Agriculture (DA) may import rice during a food security emergency related to rice due to a supply shortage, or an extraordinary increase in prices, provided that the available supply of locally produced rice is inadequate.
East Asia and the Pacific, Philippines
Grains, Feeds and Fodders, Rice

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Romania: A Closer Look at Direct and Indirect Agricultural Exports from the United States to Romania

According to Romania’s National Institute of Statistics (NIS), Romania imported $184 million of U.S. food and agricultural products in 2024. According to the U.S. Census Bureau (USCB), U.S. suppliers shipped $68 million worth of food and agricultural products to Romania in 2024.
Attaché Report (GAIN)

Turkey: Organizational Structure of the Turkish Ministry of Agriculture and Forestry

This report describes the organizational structure of Türkiye’s Ministry of Agriculture and Forestry, including its related service units.
Attaché Report (GAIN)

India: IMD Forecasts Early Monsoon Onset with Above-Normal Rainfall

On April 15, the Indian Meteorological Department (IMD) forecasted a 59 percent chance of an above-normal 2025 southwest monsoon, and an onset date of May 27, five days ahead of typical June 1 onset.