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Agricultural output likely shrank in Q2 - BusinessWorld Online
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Farmers looking forward to gov t support, value-chain streamlining after first SONA
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April 21, 2021 | 7:54 pm
REUTERS
PRESIDENT Rodrigo R. Duterte has asked the Senate to give his executive order (EO) lowering tariffs on imported pork a chance to stabilize the supply of pork after the drastic reduction in hog numbers due to the African Swine Fever (ASF) outbreak.
Mr. Duterte is “asking the esteemed members of the Senate to give EO 128 a chance and consider its intended effects, which include addressing the shortage (of pork), stabilizing prices… and minimizing inflation,” the President’s spokesman Herminio L. Roque, Jr. said in a statement Wednesday.
The Senate has adopted a resolution asking the President to revoke his order, which temporarily reduces the tariff rates on imported pork products for one year, arguing that the surge in imports could kill the hog industry.
March 9, 2021 | 7:34 pm Font Size
REUTERS
A FUND supported by import tariffs has been proposed to improve the competitiveness of the hog industry, Senator Cynthia A. Villar said.
Ms. Villar, who chairs the chamber’s committee on agriculture and food, said during a hearing that such a fund is modeled on the Rice Competitiveness Enhancement Fund (RCEF), which gets P10 billion a year from tariffs charged on liberalized rice imports. RCEF funds initiatives like farm mechanization, seed distribution, the spread of planting know-how, and crop insurance.
“I will do something like the RCEF (which) we can… allocate to uses which the hog sector thinks are important,” Ms. Villar said.