Dissecting Data: How rice tariffication, more rice imports affect prices


Posted at Aug 08 2018 05:37 PM

Economic managers have said that imposing tariffs on imported rice in place of quantitative restrictions could help lower the prices and curb inflation. Farmers, however, raised concerns of the potential harm it can do to the local rice industry.

ABS CBN’s Data Analytics team presents how rice tariffication and increased importation of rice could potentially lower prices.