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DA mulls price cap for imported rice as costs soar amid MidEast conflict
malaya Business Insight
|March 17, 2026
The Department of Agriculture (DA) is considering imposing a price ceiling on imported rice as conflict in the Middle East pushed up shipping and farm input costs, raising concerns about profiteering in the domestic grain market.
Agriculture Secretary Francisco Tiu Laurel Jr. told reporters at the sidelines of a ceremonial signing event in Pasig City on Monday that the government is studying a cap of about P50 per kg on imported rice.
He noted that this price level is expected to keep retail prices in check without dragging down farmgate prices of local palay.
The DA is now looking at the legality of imposing a price ceiling at this time and, if legally permissible, it will be recommended to President Ferdinand Marcos Jr. as part of package of actions to deal with impact of the latest oil shock, he added.
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