Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Probe of grain mill closure urged

by
January 6, 2025
in Top News
0
Probe of grain mill closure urged
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter
PEXELS-ICONCOM

A RESOLUTION urging the House of Representatives to conduct an investigation for the closure of small-scale rice and corn mills in over a thousand barangays in a span of a decade was filed on Monday.

There is a need to examine the effectiveness of state agriculture programs and interventions for the local rice and corn industries amid the “alarming” closure of the grain mills as cheap imported staple products flood the market, according to House Resolution (HR) No. 2150 filed by Party-list Rep. Wilbert T. Lee.

“This issue needs to be addressed immediately because if it remains unresolved, the number of rice and corn millers shutting down may increase in the coming years, especially if tariffs remain low and the influx of imported products continues in the market,” he said in a statement in Filipino.

Small-scale grain millers throughout 1,040 barangays nationwide have closed since 2013, according to Mr. Lee, citing data from the Philippine Statistics Authority.

“It’s concerning that many rice and corn millers in numerous barangays across the country are shutting down because they can’t compete with the influx of cheaper imported products in the market,” he said.

The congressman said the government should look at addressing inflation by providing ample support to the agriculture sector while reducing import dependency. “If they (local producers) continue to be disadvantaged by imported products… affordable food will remain just a pipe dream.”

In June 2024, President Ferdinand R. Marcos, Jr. issued Executive Order No. 62, which reduced rice import tariffs to 15% from 35% to address soaring prices of rice products in mid-2024.

Rice imports have reached a record-high 4.6 million metric tons as of Dec. 26, 2024, according to data from the Bureau of Plant and Industry. — Kenneth Christiane L. Basilio

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Go after delinquent firms, SSS told

Go after delinquent firms, SSS told

Recommended

How Blockchain is Already Assisting Startups in the Scaling Process

How Blockchain is Already Assisting Startups in the Scaling Process

August 12, 2024
How PHINMA Education aims to boost school access

How PHINMA Education aims to boost school access

December 1, 2024
Exploring the Differences Between Licensed and Unlicensed Online Casinos

Exploring the Differences Between Licensed and Unlicensed Online Casinos

December 18, 2024
Helium Stocks: 5 Biggest Canadian Companies in 2025

Helium Stocks: 5 Biggest Canadian Companies in 2025

August 8, 2025
New World Resorts hosts a victory party for Team PHL

New World Resorts hosts a victory party for Team PHL

August 14, 2024
Daniel Meier, CEO of Oreco Consulting, Receives Nomination for European CEO Awards

Daniel Meier, CEO of Oreco Consulting, Receives Nomination for European CEO Awards

January 1, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Byron King: Gold, Silver, Oil/Gas — Stock Ideas and Strategy Now

    Byron King: Gold, Silver, Oil/Gas — Stock Ideas and Strategy Now

    March 10, 2026
    Allied Critical Metals Further Highlights Rapid Payback, Capital Efficiency and Infrastructure from Borralha PEA

    Allied Critical Metals Further Highlights Rapid Payback, Capital Efficiency and Infrastructure from Borralha PEA

    March 10, 2026
    Valeura Energy Inc. Announces Manora Drilling Exceeds Management’s Expectations

    Valeura Energy Inc. Announces Manora Drilling Exceeds Management’s Expectations

    March 9, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved