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DA: Max SRP for imported rice may drop further
The Philippine Star
|March 03, 2025
The maximum suggested retail price on imported rice can go lower than the recently implemented SRP of P49 per kilo, the Department of Agriculture (DA) said over the weekend.
"That (max SRP of P49 per kilo) can still go down. Of course, the cost of imported rice in the international market will have a big effect," Agriculture Assistant Secretary and spokesman Arnel de Mesa said in a radio interview.
Agriculture Secretary Francisco Tiu Laurel Jr. said the landed cost of five-percent broken imported rice dropped to $490 per metric ton on Feb. 21, from $550 per metric ton.
Initially set at P58 per kilo on Jan. 20, the rice max SRP decreased to P55 per kilo on Feb. 5, P52 per kilo on Feb. 15 before it went down to P49 per kilo last Saturday.
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