Imported rice max SRP still at P43/kilo – DA

The maximum suggested retail price (MSRP) for five percent broken imported rice will remain at P43 per kilo for now, as the government completes regulatory procedures for a higher import tariff, Agriculture Secretary Francisco Tiu Laurel Jr. said yesterday.

- By CHRISTINE BOTON

The proposed hike in rice import tariffs to 20 percent from 15 percent is expected to take effect on Jan. 16, after all regulatory and procedural requirements are met, Tiu Laurel said, adding that any change in the MSRP will be reviewed only once the higher duty is in place.