00:00The Senate hearing on the Committee on Agriculture, Food and Agrarian Reform discussed the possibility to increase tariff in October.
00:08The Department of Agriculture, or DA, said it will evaluate the proposal first before implementing any tariff increase.
00:16To recall, after the price of rice rose to $700 per metric ton in the world market last year,
00:22President Ferdinand R. Marcos Jr. signed Executive Order 62, which reduced the tariff to 15% from 35% to prevent a spike in imported rice prices in the local market.
