{"id":12706,"date":"2023-12-26T16:33:07","date_gmt":"2023-12-26T16:33:07","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=12706"},"modified":"2023-12-26T16:33:42","modified_gmt":"2023-12-26T16:33:42","slug":"tariff-cuts-on-rice-corn-pork-extended-by-marcos-until-end-of-2024","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/tariff-cuts-on-rice-corn-pork-extended-by-marcos-until-end-of-2024\/","title":{"rendered":"Tariff cuts on rice, corn, pork extended by Marcos until end of 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"950\" height=\"633\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-42-1.png\" alt=\"\" class=\"wp-image-12708\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-42-1.png 950w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-42-1-600x400.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-42-1-300x200.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/image-42-1-768x512.png 768w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/><\/figure>\n\n\n\n<p>President Ferdinand Romualdez Marcos Jr. signs into law the General Appropriations Act (GAA) of 2024 or the national budget at the Ceremonial hall of the Malaca\u00f1an Palace on Dec. 20, 2023.<em>\u00a0KJ Rosales, PPA pool<\/em><\/p>\n\n\n\n<p>MANILA \u2014 President Ferdinand Marcos Jr. has approved the extension of tariff cuts on imported rice, corn, and pork products until the end of 2024, the Presidential Communications Office (PCO) said Tuesday.<\/p>\n\n\n\n<p>Economic managers have endorsed maintaining tariff rates for rice at 35 percent, pork at 15-25 percent, and corn at 5-15 percent.<\/p>\n\n\n\n<p>The move was aimed at keeping goods at affordable prices in the face of the looming effects of El Ni\u00f1o and the African swine fever, Marcos said, according to a release.<\/p>\n\n\n\n<p>He added that the extension would help tackle elevated inflation, augment the supply of basic agricultural products, and diversify the country&#8217;s market sources.<\/p>\n\n\n\n<p>The reduced tariff cuts extension was originally set to expire on Dec. 31, 2023. Executive Order No. 50 signed by Executive Secretary Lucas Bersamin stretched the lower tariffs until December 2024.<\/p>\n\n\n\n<p>In November, inflation eased to 4.1 percent following slower increases in food prices and lower transport costs as fuel prices fell.<\/p>\n\n\n\n<p>A September survey by Pulse Asia showed that inflation was the most urgent concern of Filipinos.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Ferdinand Romualdez Marcos Jr. signs into law the General Appropriations Act (GAA) of 2024 or the national budget at the Ceremonial hall of the Malaca\u00f1an Palace on Dec. 20, 2023.\u00a0KJ Rosales, PPA pool MANILA \u2014 President Ferdinand Marcos Jr. has approved the extension of tariff cuts on imported rice, corn, and pork products until [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[426,393,46,159],"class_list":["post-12706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-tariff-cut-on-rice","tag-rice-prices","tag-asian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - 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