The Philippines launched a new quarterly, price-indexed tariff system on January 1, 2026, under Executive Order (EO) No. 105 (2025) and Circular No. 2025-001. This mechanism allows for quarterly rice import tariff rate adjustments based on international prices for Vietnam 5 percent broken rice, as published by the Food and Agriculture Organization of the United Nations (UN-FAO). The price-indexed rice import tariff rates will range from 15 to 35 percent, changing by five percentage points for every 5 percent movement in international prices. Following a four-month rice import ban, rice imports resumed on January 1, 2026, with the tariff rate remaining at 15 percent through March 2026, as the government's price trigger/threshold for an increase was not breached. As indicated in EO No. 105 (2025), the rice tariff mechanism aims to stabilize rice retail prices, help Filipino farmers sell their rough rice (palay) at a fair and reasonable price, and ensure national food security.