Albay 2nd district Rep. Joey Salceda attributes the steady decrease in rice prices to the progress of the House quinta-committee, particularly the efforts led by Speaker Martin Romualdez. Salceda, lead chairperson of the quinta-comm, highlights the month-on-month and year-on-year decline in rice prices, noting that it's significantly below the overall inflation rate. He points to Romualdez's initiative to compel major rice industry players in Central Luzon to reduce prices. While rice prices show improvement, Salceda emphasizes that the quinta-comm will focus on addressing corn inflation, which has impacted meat prices.
Albay 2nd district Rep. Joey Salceda credited the progress of the House quinta-committee , particularly the initiatives led by Speaker Martin Romualdez, for the steady decrease in rice prices.Albay 2nd district Rep. Joey Salceda credited the progress of the House quinta-committee , particularly the initiatives led by Speaker Martin Romualdez, for the steady decrease in rice prices.
“The rice price situation is showing signs of improvement. Month-on-month, prices declined by 0.7 percent, a modest but nonetheless real reduction in price,” the economist-solon said. Salceda, lead chairperson of the quinta-comm, says credit is due for the initiatives spearheaded by the House Speaker.
“The problem seems to be corn, as I have persistently pointed out in recent months,” the congressman said.
HOUSE OF REPRESENTATIVES INFLATION RICE PRICES MARTIN ROMUALDEZ JOEY SALCEDA
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Romualdez tells profiteers amid costly rice: 'House will go after you''Bakit nga ba hanggang ngayon hindi pa bumababa ang presyo ng bigas?'
Read more »
Philippine Congress to Investigate Supermarket Price Manipulation Amid High Rice CostsThe House of Representatives' Murang Pagkain Supercommittee is warning supermarkets and major rice retailers of an impending investigation into possible price manipulation and profiteering. The committee, led by Rep. Jose Clemente “Joey” Sarte Salceda, is concerned about supermarkets mislabeling imported rice as premium varieties, significantly inflating prices. Meanwhile, House leadership has pledged aggressive action against profiteers, hoarders, and smugglers to stabilize food prices and ensure affordable goods for Filipinos. Speaker Ferdinand Martin Romualdez vows to hold those responsible accountable for high prices despite recent tariff cuts and ample rice supply.
Read more »
Salceda tells DA chief: Follow through on rice 'food security emergency''We should see a price reduction of at least P6 per kilo as a result of stricter enforcement against hoarding.'
Read more »
DA to further reduce rice prices this month under 'Rice-for-All' programThe Department of Agriculture (DA) plans to lower the price of well-milled rice sold under its 'Rice-for-All' initiative to between P38 and P39 per kilo this January. The DA is also launching 'Sulit Rice' and 'Nutri Rice' programs, offering 100% broken rice at P35 to P36 per kilo and brown rice at P37 to P38 per kilo respectively.
Read more »
FACT CHECK: House Speaker Martin Romualdez did not suffer a strokeHouse Speaker Martin Romualdez attended multiple public events on Friday, December 6, the same day rumors began circulating that he had suffered a stroke
Read more »
'Moment of pride': Romualdez, House congratulate Cardinal DavidCardinal David, 65, served as Kalookan bishop for nine years.
Read more »