DA backs ?50/kg price ceiling on imported rice
MANILA — The Department of Agriculture (DA) has expressed support for the implementation of a ₱50 per kilogram price ceiling on imported rice, following rising fuel costs affecting local markets.
The move comes after the National Price Coordinating Council (NPCC) approved a price cap on 5 percent broken imported rice sold in the country.
Speaking during the Bagong Pilipinas Ngayon briefing, DA spokesperson Assistant Secretary Arnel De Mesa said the agency is preparing for the rollout of the measure under the current state of energy emergency.
He thanked the NPCC for acting promptly on the DA’s recommendation and said the department is now awaiting the issuance of an executive order to formalize the policy.
De Mesa added that the order is expected to include provisions outlining penalties and actions against violators who fail to comply with the price ceiling.
Despite ongoing global oil price increases, he said the proposed cap remains feasible, taking into account importation, landing, and transport costs.
However, he noted that adjustments may be considered if fuel prices continue to rise due to prolonged global tensions.
Based on the DA’s Bantay Presyo monitoring, imported premium rice in Metro Manila is currently priced between ₱55 and ₱63 per kilogram.
Imported well-milled rice ranges from ₱45 to ₱50 per kilogram, while regular-milled varieties are sold at ₱42 to ₱45 per kilogram.
Meanwhile, local premium rice is priced between ₱48 and ₱61 per kilogram, with well-milled rice averaging ₱45 per kilogram and regular-milled rice at around ₱40 per kilogram.MANILA — The Department of Agriculture (DA) has expressed support for the implementation of a ₱50 per kilogram price ceiling on imported rice, following rising fuel costs affecting local markets.
The move comes after the National Price Coordinating Council (NPCC) approved a price cap on 5 percent broken imported rice sold in the country.
Speaking during the Bagong Pilipinas Ngayon briefing, DA spokesperson Assistant Secretary Arnel De Mesa said the agency is preparing for the rollout of the measure under the current state of energy emergency.
He thanked the NPCC for acting promptly on the DA’s recommendation and said the department is now awaiting the issuance of an executive order to formalize the policy.
De Mesa added that the order is expected to include provisions outlining penalties and actions against violators who fail to comply with the price ceiling.
Despite ongoing global oil price increases, he said the proposed cap remains feasible, taking into account importation, landing, and transport costs.
However, he noted that adjustments may be considered if fuel prices continue to rise due to prolonged global tensions.
Based on the DA’s Bantay Presyo monitoring, imported premium rice in Metro Manila is currently priced between ₱55 and ₱63 per kilogram.
Imported well-milled rice ranges from ₱45 to ₱50 per kilogram, while regular-milled varieties are sold at ₱42 to ₱45 per kilogram.
Meanwhile, local premium rice is priced between ₱48 and ₱61 per kilogram, with well-milled rice averaging ₱45 per kilogram and regular-milled rice at around ₱40 per kilogram.
NPO News Team | Philippine News Agency - PR
