AreaPhilippines

Commodity GroupRice

CommodityAll

Date26/06/2014

Policy CategoryConsumption and marketing

Policy InstrumentFood subsidies

DescriptionApproved a set of measures to temper increases in domestic rice quotations. Further to importing an additional 200 000 tonnes of rice, 20 000 tonnes of smuggled rice confiscated by the Bureau of Customs are to be availed to the National Food Authority (NFA) for distribution. The NFA is to continue its increased pace of subsidized sales throughout the lean season, while anti-hoarding activities are also to be stepped-up.