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Sen. Villar thanks Duterte for signing law creating rice competitiveness fund

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By Mario Casayuran

The chairwoman of the Senate agriculture and food committee on Saturday thanked President Duterte for signing into law the bill creating a package of support programs for farmers, most notably the P10 billion Rice Competitiveness Enhancement Fund (RCEF).

Senator Cynthia Villar (Senate of the Philippines / MANILA BULLETIN)

Senator Cynthia Villar
(Senate of the Philippines / MANILA BULLETIN)

‘’With the expiration of the quantitative restriction on rice importation, this is a very important piece of legislation, which will help our farmers improve their profitability and competitiveness,’’ Senator Cynthia A. Villar, committee head, said.

Villar explained that the measure complements other government programs addressing the needs of the farming sector, including the P7 billion Rice Program under the Department of Agriculture (DA) and the P7 billion budget of the National Food Authority (NFA) which would be used to buy palay from local farmers for purposes of buffer stocking.

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