Maximum retail price for imported rice cut to P43/kg

Rice max SRP lowered to P43/K by July 16

The Department of Agriculture (DA) will implement a lower maximum suggested retail price (MSRP) for imported rice beginning July 16, reducing the price ceiling to P43 per kilo from the current P45.

Maximum retail price for imported rice cut to P43/kg

MANILA, Philippines – Starting July 16, the maximum suggested retail price (MSRP) for imported rice will be lowered to P43 a kilo from the current P45. In a statement on Thursday, the Department of Agriculture said easing tensions following the ceasefire between Israel and Iran prompted the agency to cut the price ceiling for 5

DA TO SET P43/KILO CAP ON IMPORTED RICE

The Department of Agriculture (DA) will push through with the reduction of the maximum suggested retail price (MSRP) for imported rice starting July 16, lowering the ceiling to P43 per kilo from the current P45, Agriculture Secretary Francisco Tiu Laurel Jr. said. The MSRP applies specifically to 5 percent broken, the most commonly consumed variety of imported rice. The DA had initially planned to pursue the adjustment on July 1, but postponed t…