Rice importers pocketed over ₱5B from tariff cuts

Quick Summary:

THE Federation of Free Farmers (FFF) claims that importers pocketed over P5 billion in extra profits from the rice tariff cut.

Hindi pa na uubos yan,” Laurel told reporters on the sidelines of an agriculture forum in Makati City on Thursday.

This was significantly below projections that prices would fall by as much as P7 per kilo due to lower duties, according to the organization.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Importers Tariff Rice Prices Laurel Kilo Billion Stocks Retail Savings Decline

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 16:02:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22731141

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 51 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 16 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions