Note on Duterte Favoring Chinese Rice Importers
To Kill Tens of Millions of Rice-Growing Filipino Peasants
By Jose Maria Sison, NDFP Chief Political Consultant
Just to decrease the price of rice for a while, Duterte has connived with the Chinese cartel to import cheap rice. But the stupid crook is unmindful of the fact that he is literally killing the tens of millions of rice-producing Filipino peasants. After local rice production is killed, the import-oriented Chinese cartel will escalate the price of rice in a market that they monopolize.
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Cheap Imported Rice Soothes Philippine Inflation Pangs
By Claire Jiao
July 9, 2019, 3:53 AM GMT+2
https://www.bloomberg.com/news/articles/2019-07-09/cheap-imported-rice-soothes-philippines-inflation-pangs-chart
Philippine rice prices have retreated from last year’s record highs after the Southeast Asian nation scrapped import quotas for the first time in nearly a quarter-century. The staple grain retailed for 38.65 pesos ($0.75) per kilogram last month, down 15% from its peak in September 2018 when typhoons and pests decimated local harvests and forced government to look abroad for supply. June inflation fell to its slowest pace in two years as a result, boosting odds the Bangko Sentral ng Pilipinas could further slash the interest rates it hiked during the height of the rice shortage last year.
