The Philippine Department of Agriculture is implementing several measures to combat soaring rice prices, including expanding distribution networks for subsidized rice programs and imposing a maximum retail price (MSRP) for imported rice.
A sari-sari store owner in Caloocan City measures retailed rice to sell to her customers. The Department of Agriculture has announced that the maximum suggested retail price for imported rice would be set at P58 per kilo beginning January 20. The DA also expanded the distribution network of its cheaper rice programs as part of efforts to counter “unreasonably high” retail prices of the staple.
It added collaborating with local government units nationwide to distribute rice at “fair prices,” including its P29 rice program for vulnerable sectors. Under the Rice-for-All program, Filipino consumers can purchase rice at P45 per kilo for 5 percent broken grains, P40 for 25 percent broken, and P36 for 100 percent broken also known as “Sulit Rice.”
It added that this would offer consumers additional affordable option while helping decongest NFA warehouses ahead of the palay harvest.The agency recently said that beginning January 20, it will impose a maximum suggested retail price of P58 per kilo for premium imported rice with no more than 5 percent broken grains.
Economy RICE PRICES SUBSIDIES IMPORTED RICE PHILIPPINES AGRICULTURE
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