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Rice price ceiling eyed
The Philippine Star
|January 16, 2025
A rice price cap could be imposed if prevailing market prices do not go down, according to the Department of Agriculture.
The DA said it is studying the possibility of a rice price ceiling amid next week's implementation of the maximum suggested retail price (MSRP) on the staple.
Prevailing rice market prices seem to be "unreasonable" as they remain at the same level despite the landed cost of imported rice declining by as much as P8 per kilo, Agriculture Undersecretary Asis Perez said yesterday at the House quinta committee hearing.
Perez attributed the lower landed cost of rice to easing of world market prices and the tariff cut.
Esta historia es de la edición January 16, 2025 de The Philippine Star.
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