# Farmer-millers: Is P10-B fund misused under rice tariff law?

> Negros Occidental rice millers' cooperative voiced concern that the P10-billion RCEF fund could be misused under the rice tariffication law. NEDA and DBM signed the law's implementing rules on April 1, with imports allowed under a 35% tariff for Southeast Asian shipments.

- Date: 2019-04-04 · published 2019-04-04T12:00:00.000Z
- Category: policy · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/59671-farmer-millers-is-p10-b-fund-misused-under-rice-tariff-law
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Implementation of tariffication with freer imports is a bearish factor for Philippine rice prices and local farm incomes.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-08-29 | [Volatile palay price blamed on Rice Tariffication Law , Punto! Central Luzon](https://feedsoft.ai/events/57675-volatile-palay-price-blamed-on-rice-tariffication-law-punto-central-luzon.md) | +3.1% | +6.6% |
| RICE | 2019-09-10 | [DA Bulletin No. 1 on Rice: Understanding the Rice Tariffication Law (RTL) or RA 11203 \|
    Official Portal of the Department of Agriculture](https://feedsoft.ai/events/57148-da-bulletin-no-1-on-rice-understanding-the-rice-tariffication-law-rtl-or-ra.md) | +4.6% | -0.3% |
| RICE | 2019-09-05 | [ANALYSIS Plummeting rice prices: How will our rice farmers cope?](https://feedsoft.ai/events/57149-analysis-plummeting-rice-prices-how-will-our-rice-farmers-cope.md) | +1.2% | +0.1% |
| RICE | 2019-04-22 | [Regulator urges prompt release of P10-B rice fund - BusinessWorld Online](https://feedsoft.ai/events/59669-regulator-urges-prompt-release-of-p10-b-rice-fund-businessworld-online.md) | -2.2% | +6.2% |
| RICE | 2019-08-08 | [Farmers wary of further palay price declines as traders reluctant to buy - BusinessWorld Online](https://feedsoft.ai/events/57672-farmers-wary-of-further-palay-price-declines-as-traders-reluctant-to-buy.md) | +1.1% | +2.8% |

## Sources

- sunstar.com.ph: https://www.sunstar.com.ph/bacolod/business/farmer-millers-is-p10-b-fund-misused-under-rice-tariff-law

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.