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Tuesday, April 8, 2008

Business People - Import Rice Now!

Philippines lifts quotas on rice imports - AFP

The Philippines has temporarily lifted quotas on rice imports amid growing concerns about the price of the staple food, officials said Monday.

"Anybody can import rice, the quota is lifted but the tariff must be paid," said Presidential Management Staff director general Cerge Remonde.

"They can import as much as they want for as long they do not withhold (the supply) but channel it to the market," he said.

This means a previous quota limiting private imports of rice to 300,000 tonnes annually had been scrapped.

Agriculture Secretary Arthur Yap, in a statement, said the government is encouraging "importation of rice by all parties aside from NFA (the National Food Authority)."

Previously, the state-run NFA was in charge of almost all rice importation.

However, Yap stressed that "rice importation is not exclusive to NFA."

-- Source of the News

This is not an April fools joke! This is big business! Those who have connections in other countries, grab this cash cow now!


Friday, March 28, 2008

Rice: May Reach 40/kg

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RICE farmers and members of civil-society groups Wednesday warned that the worst in the country’s rice- supply woes is yet to come as they predict the prices of rice will soar to as high as P40 a kilogram (kg) during the lean months of July to September unless the government acts with dispatch to prevent what could be a serious rice crisis.

Jessica Reyes-Cantos, lead convenor of Rice Watch and Action Network (R1), said reports of the tightening global supply of rice have pushed local prices in the market of the country’s staple food abnormally high even as the harvest season is still headed for its peak in April.

This early, he said unscrupulous rice traders are buying palay from farmers at P12/kg to P16/kg, apparently with the intention of manipulating rice supply and price in the lean months.

Read more about > Rice Price Increase

Other News... Because of the increase of prices on basic commodities, people result to kidney selling. read below.

KIDNEY FOR SALE

-No Defects
-Fully Functional
-Slightly Used

Interested buyers, read > Kidney For Sale.

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