Receipts

The RICE Act proposes to keep rice affordable by setting a minimum nine‑day national stock, letting the agriculture department inspect warehouses and seize hoarded rice, requiring registration of rice‑related businesses, allowing emergency imports, and giving the department power to set minimum farm‑gate (palay) prices, with penalties for non‑compliance.

The bill would give the National Food Authority new powers to register and inspect all rice warehouses, manage a national rice buffer stock, and, during a declared food‑security emergency, use that stock or import rice (with the agriculture secretary’s written approval) to keep rice supplies and prices stable.

The proposed Rice Industry and Consumer Empowerment (RICE) Act would lower the required rice buffer stock to nine days, let the agriculture department inspect warehouses and seize hoarded rice, allow emergency rice imports, set floor prices for palay, and impose fines or jail for violations.

The proposed Rice Industry and Consumer Empowerment (RICE) Act would give the National Food Authority new powers to register grain warehouses, inspect facilities, seize hoarded rice, set a floor price for farm‑produced rice, and manage the government’s rice buffer stock, while allowing the Department of Agriculture to import rice when local supplies are insufficient.

The proposed Rice Industry and Consumer Empowerment (RICE) Act would give the National Food Authority new powers to register warehouses, seize hoarded rice, set a floor price for farm‑grown rice, and manage a government buffer stock, all aimed at keeping rice affordable and available for Filipino families.

The RICE Act would give the National Food Authority new powers to register grain warehouses, seize hoarded rice, set a floor price for un‑milled rice (palay), and manage a government rice buffer stock sourced from local farmers, with penalties for violations.