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15% rice import tariff extended until yearend
President Ferdinand Marcos Jr. has extended the 15% tariff on imported rice until December 31, 2025, through Executive Order No. 105.
Starting January 1, 2026, rice import duties will range from 15% to 35%, subject to adjustments based on global market prices.
An Inter-Agency Group on Rice Tariff Adjustment has been established to monitor and adjust these taxes in response to changes in world market prices.
This group will include representatives from the Department of Economy, Planning and Development, Department of Agriculture, Department of Trade and Industry, Department of Finance, and the Office of the Special Assistant to the President for Investment and Economic Affairs.
The policy aims to stabilize palay prices for farmers and rice retail prices for consumers, ensuring sufficient buffer stocks.
This measure complements previous actions to suspend regular and well-milled rice imports until the end of the current year.
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The Economy and Development (ED) Council has approved a flexible rice tariff scheme effective January 1, 2026, allowing adjustments of 5 percentage points for every 5% change in international prices, capped between 15% and 35%.
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President Ferdinand "Bongbong" Marcos Jr. has officially extended the ban on rice imports until December 31, 2025, through Executive Order 102.
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President Ferdinand "Bongbong" Marcos Jr. has approved the extension of the rice import ban until the end of the year to stabilize farmgate prices for palay.
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