Tag: global rice market
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Philippine Agriculture Department Slashes Rice Price Cap to Ease Market Costs
In a move to curb rising retail prices, the Philippine Department of Agriculture (DA) has announced a reduction in the maximum suggested retail price (MSRP) for 5 percent broken rice in Metro Manila, dropping it to PHP52 per kilogram from PHP55. This adjustment, effective from February 15 as per Administrative Circular No. 3, reflects a…
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Philippine Agriculture Secretary Aims for P50/kg Imported Rice Price by March
Agriculture Secretary Francisco Tiu Laurel Jr. announced on Thursday that the initial maximum suggested retail price (MSRP) of PHP58 per kilogram for imported rice is set to decrease to PHP50/kg by March, contingent on global rice market trends. This statement was made during a joint market inspection at the Mutya ng Pasig Mega Market in…
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