Inquirer
MANILA, Philippines – The Department of Agriculture (DA) said the price ceiling of P50 per kilogram for imported rice is a “calibrated” measure to mitigate price spikes amid the ongoing Middle East conflict. In a statement on Thursday, the DA said the price cap ordered “is intended as a calibrated response to extraordinary market volatility.” It added that the cap also complements the government’s ongoing efforts to strengthen domestic rice production and curb speculative pricing increases. President Marcos issued Executive Order No. 118 on Wednesday imposing a price ceiling of P50 a kilo on 5-percent broken imported rice nationwide for 30 […]... Keep on reading: DA: Imported rice price cap shields consumers
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