MANILA, Philippines — The government will impose a maximum suggested retail price (MSRP) for imported rice at P58 per kilo, with the country’s agriculture chief saying this would initially cover Metro Manila beginning Jan. 20.
Department of Agriculture (DA) Secretary Francisco Tiu Laurel Jr. said the decision came following a series of “extensive consultations” with industry players, such as importers and retailers, and government agencies, as they tried to tame increasing rice prices despite President Ferdinand Marcos Jr.’s tariff cuts and drop in global prices.
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