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Imported rice MSRP to be reduced to P43 per kg
Business World Philippines
|June 09, 2025
THE Department of Agriculture (DA) said on Sunday that it will lower the maximum suggested retail price (MSRP) for imported rice to P43 per kilo from P45 starting July 1.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. said the reduction is “in response to the recent decline in global rice prices.”
“This food security initiative has helped tame inflation, allowing the central bank to reduce interest rates to drive economic activity and create jobs.”
Rice inflation continued to decline, falling 12.8% in May from the 10.9% decline a month prior.
Dit verhaal komt uit de June 09, 2025-editie van Business World Philippines.
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