Tag: rice prices
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Philippine Agriculture Department Aims to Lower Imported Rice Price to P50/kg by March
In a recent market inspection at the Mutya ng Pasig Mega Market in Pasig City, Agriculture Secretary Francisco Tiu Laurel Jr. announced that the maximum suggested retail price (MSRP) for imported rice, initially set at PHP58 per kilogram, is expected to decrease to PHP50/kg by March. This statement was made during a joint inspection with…
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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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National Price Coordinating Council Considers Food Security Emergency Amid Rising Food Prices
The National Price Coordinating Council (NPCC) is on the verge of declaring an extraordinary surge in food prices, which would empower the Department of Agriculture (DA) to announce a food security emergency, according to a trade official’s statement during a recent House of Representatives hearing. The hearing, conducted by the Quinta Committee, also known as…
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NPCC Considers Resolution to Enable DA’s Food Security Emergency Declaration
The National Price Coordinating Council (NPCC) is on the verge of passing a resolution that would empower the Department of Agriculture (DA) to declare a food security emergency due to soaring food prices, according to a trade official’s statement during a recent House of Representatives hearing. Cherryl Carbonell, the officer in charge at the Department…
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Global Price Drop May Lead to Lower Imported Rice MSRP
The Department of Agriculture (DA) announced on Monday that the maximum suggested retail price (MSRP) for imported rice could decrease due to falling global market prices. Previously set at PHP58 per kilogram for 5 percent broken imported rice, this price cap was established to curb profiteering and stabilize retail prices in Metro Manila starting January…
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House of Representatives Launches Probe into Escalating Rice and Electricity Costs
The House of Representatives has announced a thorough investigation into the rising costs of rice and electricity, as stated by Speaker Martin Romualdez during the resumption of the 19th Congress session on January 13, 2025. Romualdez emphasized the need to tackle smuggling and hoarding, which adversely affect farmers and inflate food prices, alongside examining the…
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DA and DTI Collaborate to Set Maximum Retail Price for Imported Rice Amid Rising Costs
In an effort to curb the escalating prices of rice, the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) are jointly developing a maximum suggested retail price (MSRP) for imported rice. This initiative was announced following observations by Agriculture Secretary Francisco Tiu Laurel Jr., who noted that prices reaching PHP60 per…
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Department of Agriculture to Implement Maximum Suggested Retail Price for Rice by January’s End
In an effort to curb escalating rice prices and prevent profiteering, the Department of Agriculture (DA) announced plans to introduce a maximum suggested retail price (SRP) system for rice before the end of January. This decision comes in response to the observed unreasonable retail prices in various local markets across the Philippines. Agriculture Secretary Francisco…
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Kadiwa ng Pangulo’s Rice-for-All Initiative Slashes Rice Prices in Metro Manila
The Kadiwa ng Pangulo Rice-for-All program has successfully driven down rice prices across Metro Manila, according to the Department of Agriculture (DA). Initiated by the DA in collaboration with local dealers, importers, and wholesalers, the program offers well-milled rice at a subsidized rate of PHP40 per kilogram, with a purchase limit of 25 kilograms per…
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