Increased rice imports may still boost farmers’ competitiveness fund

MANILA, Philippines — Greater importation of milled rice encouraged by tariff cuts can offset expected forgone revenues, auguring well for the Rice Competitiveness Enhancement Fund (RCEF) which is funded by the tariff revenues, according to Finance Secretary Ralph Recto. “That’s a possibility. However, what is important is to reduce rice prices to benefit consumers, especially Read The Rest at :