This, industry sources told The STAR, could generate savings in both the prices of imported rice as well as their freight costs that could translate to lower landed costs of the staple, resulting in cheaper retail price.
Agriculture Secretary Francisco Tiu Laurel Jr. told The STAR that he extended the must ship-out date for imported rice to 60 days from 30 days to allow local importers to “shop around and get better rates” for freight costs. Tiu Laurel explained that freight companies have increased their rates on local rice importers due to the earlier 30-day deadline for rice imports to arrive in the country.
“The 30-day [deadline] served its purpose before to make clear how much volume of rice would enter last November and December,” he said.
The must ship-out date stipulates the deadline that an allowed rice import must enter the country beginning on the day that the shipment’s sanitary and phytosanitary import clearance (SPSIC) was issued.
Denne historien er fra September 02, 2024-utgaven av The Philippine Star.
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Denne historien er fra September 02, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Revised corporation code training
The Center for Global Best Practices will hold an online training program titled the 2019 Revised Corporation Code of the Philippines on Oct. 4 from 1:30 p.m. to 5 p.m. via Zoom.
SEC warns public against fake PIFA, CT Link Systems
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Alternergy targets 500-MW capacity by 2026
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DA urged to help lower agri input costs
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ABS-CBN bags license deal for Sony movies
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Creative program to engage youth in agri launched Elen
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Meralco, A-Flow team up for hyperscale power deal
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Call centers seek to address cybersecurity gaps
The Contact Center Association of the Philippines is pushing to create collective solutions to address cybersecurity threats facing information technology and business process management (IT-BPM) firms.
WTO calls for lower remittance fees
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17 Japanese firms eye local partners
Seventeen Japanese firms are looking for partners in the Philippines to offer their technologies and products in agriculture, disaster risk reduction and environment.
