The temporary reduction of pork tariffs and the increase of the minimum access volume (MAV) for imported pork are essential to immediately curb the rising pork inflation for the benefit of some 100 million Filipinos, the National Economic and Development Authority said.
Agriculture / Human Development / Labor
by Phil Econ · Published April 22, 2021 · Last modified September 10, 2023
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MANILA – Rice tariffication will directly benefit both farmers and the poor through lower rice prices and increased government assistance to the agricultural sector, the National Economic and Development Authority said.
Budget Secretary Benjamin E. Diokno said on Tuesday that PhP5 billion has already been released under the 2018 national budget to protect farmers from possible adverse effects of the lifting of the Minimum Access Volume (MAV) on rice.
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