Farmers: PH lost P7.2B in 2023 due to undervalued rice imports

MANILA, Philippines  —The government lost P7.2 billion in tariff revenue last year due to the Bureau of Customs’ (BOC) undervaluation of rice imports, a group alleged on Wednesday, noting that the amount could have been used to extend aid to farmers. The Federation of Free Farmers (FFF) said the declared costs for imported rice averaged
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