By Bernardo B. Ver II (Contributor) Senator Ma. Imelda Josefa “Imee” R. Marcos is urging the government to put off rice importation until after the peak of the wet season harvest this October, so that farmers can recover from farmgate prices being kept low by rice traders. Ms. Marcos, who chairs the Senate committee on economic affairs, warned that farmgate prices of palay may again plunge from the present PHP12 to PHP15 per kilo to PHP7 to PHP8, as it did last year when rice imports caused an oversupply and dragged down prices. “Importation does not mean the end of all regulation,” Ms. Marcos noted. “Scheduling importation is one way of helping our local rice farmers while the rice tariffication law remains in place,” she explained further. The senator also urged the Bureau of Customs to “go a step further” after it exposed rice traders who mis-declared and undervalued their imports last year by more than PHP1 billion. “Beyond collecting deficient payments on import
Online edition of The Ilocos Times, a community newspaper based in Laoag City, Ilocos Norte.