Budget Secretary Benjamin Diokno is confident the rice tariffication bill will be approved
Who would benefit from an emergency order for imports of around a million tons because government rice stocks were artificially run down?
Senator Cynthia Villar says she won't agree to rice tariffication if farmers would not get subsidies
But opposition lawmakers argue the bill 'totally abandons' Filipino farmers and puts local agriculture 'in danger of extinction'
(UPDATED) Lifting rice import quotas means cheaper rice for consumers, but may hurt Filipino farmers if they can't compete with their counterparts in countries like Vietnam
The rice tariffication bill aims to amend the present agricultural policy, which allows the National Food Authority to monopolize rice importation