Marcos extends ban on rice imports until December 31
MANILA, Philippines — Rice importation will remain suspended until the end of the year.
In a new executive order (EO), President Ferdinand Marcos Jr. extended the importation of regular rice until Dec. 31, 2025.
The new EO would allow locally-produced rice to circulate in the markets until the end of the year, including the upcoming holiday season.
“Pursuant to the recommendation of the [Department of Agriculture], the importation of milled and well-milled rice shall remain suspended until 31 December 2025,” Marcos said.
Rice varieties that are not regularly produced by Filipino farmers will not be covered by the new order.
The suspension can either be shortened or extended by the president, depending on the necessity.
The DA, the Department of Economy, Planning, and Development, and the Department of Trade and Industry are ordered to convene within 30 days of the order to evaluate the effects of the suspension, and within 15 days they must submit a report to the president.
The new EO was signed on October 30.
The president had previously suspended rice importation from September to October to stabilize rice prices.
Rice in the Philippines had been undergoing steady deflation to the point that local farmers suffering tremendous losses.
Many of these farmers have attributed these losses to the high volumes of rice being imported.
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