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DA: Local rice still cheaper than imports

The Philippine Star

|

August 29, 2024

The retail price of local rice remains cheaper compared to the imported grains nearly two months after Executive Order 62 took effect, according to latest monitoring of the Department of Agriculture (DA).

- BELLA CARIASO

EO 62 lowers the tariff for imported rice from 35 percent to 15 percent.

It took effect on July 7.

According to the DA's price watch in Metro Manila markets, the retail price of local regular milled rice was between P43 and P50 per kilo compared to imported regular rice of between P46 and P50 per kilo.

The retail price of local well-milled rice was also lower, between P47 and P55 per kilo compared to imported well-milled rice, between P48 and P55 per kilo.

Local premium rice ranged between P50 and P58 per kilo compared to imported premium rice, between P54 and P60 per kilo.

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