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Rice tariffication 'good thing' if gov't helps local farmers: analyst
Rice tariffication 'good thing' if gov't helps local farmers: analyst
ABS-CBN News
Published Feb 22, 2019 12:41 PM PHT
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Updated Feb 22, 2019 01:06 PM PHT
Farmers remove weeds growing alongside with ride stalks at a ricefield in Naujan, Oriental Mindoro in Philippines, August 27, 2018. Erik de Castro, Reuters
MANILA -- Rice tariffication can be a "positive thing" if the government will implement programs to make domestic farmers more productive, an analyst said Friday.
"I think on the one hand, the liberalization of the rice market is a good thing but it has to come hand in hand with more subsidies, more support for domestic rice producers because you don’t want to get into a situation where you’re only dependent on imported rice," The Economist Intelligence Unit analyst Anwita Basu told ANC.
Interventions for small-scale farmers should be put in place before the implementation of the law, otherwise it could kill the local rice industry, Agriculture Secretary Manny Piñol earlier said.
But Finance Assistant Secretary Tony Lambino earlier said the measure is key to bringing down rice prices by P2 to P7 per kilo.
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