THE Department of Agriculture will implement a maximum suggested retail price of P58 per kilo for imported rice beginning Jan . 20 in a bid to keep a lid on high market prices.The MSRP was decided after consultations with rice importers, retailers, government and law enforcement agencies, and other stakeholders, the department said.Despite a decline in global prices of the grain and import tariff cuts implemented last July, local rice prices remain persistently high.
The DA has started selling lower-price rice previously only sold in government stores in several Metro Manila public markets.The DA chief has also ordered state-owned QFood Terminals Inc. to start selling rice through Kadiwa ng Pangulo centers and kiosks, with 5-percent broken at P45/kilo, 25-percent broken at P40 and 100-percent broken — also known as Sulit Rice — at P36 per kilo.
P58/Kilo Imported Rice MSRP To Start Jan 20
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