(Source: Oryza.com)

The Philippines Agriculture Department (DA) is planning to cut rice imports during the harvest time to stabilize supply and prices, and protect small farmers, reports Bloomberg.

To reduce imports, the DA is planning to impose anti-dumping duties on rice imports during the harvest season. It also considering stringent sanitary and phytosanitary and inspection measures on imports.

“We will enforce legal measures during these times when we have greatly exceeded the volume needed to pick up the slack in national rice supply,” the Agriculture Secretary was quoted.

The Philippines rice prices have fallen sharply since the government lifted the quantitative restrictions on rice imports and liberalized the imports. The government implemented the Rice Tariffication Law from March 15 this year.