Published by
Philippine Star
Philippine Star
Ramon Royandoyan – Philstar.com February 8, 2022 | 3:29pm MANILA, Philippines — Tariffs collected from imported rice posted a double-digit growth last year, partly thanks to a weak peso that offset the impact of falling global prices of the main staple. The Bureau of Customs raised a total of P18.9 billion from rice tariffs in 2021, up 22% year-on-year, the Department of Finance reported Tuesday. The amount collected surpassed the P10 billion mandated to be allocated to the Rice Competitiveness Enhancement Fund (RCEF), a pooled funding under Republic Act 11203 or the Rice Tariffication Law ear…