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The implementation by the Department of Agriculture (DA) of a maximum suggested retail price (MSRP) on imported rice has resulted in a sharp reduction in prices without significantly disrupting the rice industry. Before the DA introduced the MSRP in early February, imported rice with 5 percent broken grains was being retailed at around P64 per kilo, […]
The maximum suggested retail price (MSRP) for imported rice will be lowered to P49 per kilo starting March 1 marking the first time since the MSRP was introduced six weeks ago that it will slip below the P50 mark. However, Agriculture Secretary Francisco Tiu Laurel Jr. clarified that the MSRP will not be implemented nationwide. […]
Agriculture Secretary Francisco Tiu Laurel Jr. has announced plans to remove brand labels from imported rice, citing concerns that some industry players are manipulating the system to inflate prices and exploit Filipino consumers. “After conducting a series of market visits, we now have reason to believe that some retailers and traders are intentionally confusing Filipino […]
Agriculture Secretary William Dar has ordered the National Food Authority (NFA) to bring down rice prices to P27 per kilo by flooding Metro Manila markets with 3.6 million bags of the staple grain. Dar also directed the agency to increase palay support price to P19 from P17 per kilo. “The NFA Council (NFAC) met and […]
With the National Food Authority (NFA) Council approving the importation of 250,000 metric tons of rice via open tender, House Appropriations Chairperson Rep. Karlo “Ang Probinsyano” Nograles on Thursday urged the NFA management to ensure that the imported stocks would be distributed properly to prevent problems that have plagued rice stocks that were previously imported […]