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Published December 21, 2020, 7:30 AM
Rice Tariffication Law (RTL), which liberalized rice importation in the Philippines and aims to make rice farmers competitive, is approaching its third year of implementation, but the country is still way behind in rice production compared to its neighboring countries.
According to policy advocacy group Action for Economic Reforms’ (AER) policy note “Taking Stock of Rice Industry Statistics post-RTL”, it stated that despite the current encouraging progress in rice production, “achieving domestic rice sector competitiveness is a far cry from short-term improvements in palay production.”
“To put things into perspective, our current yield is comparable to what Vietnam’s average yield was in the year 2000,” the policy note said.