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The Department of Agriculture (DA) has officially lowered the maximum suggested retail price (MSRP) of imported rice to P45 per kilo, down from the previous P49. The new price cap will be in effect for the next two months.
According to a 24 Oras report by Darlene Cay, some retailers at Mega Q Market in Quezon City said they plan to follow the new pricing once their next rice deliveries arrive.
To further stabilize prices, the DA said it will also recommend higher tariffs on imported rice to President Ferdinand Marcos Jr.
Meanwhile, the department continues to struggle with enforcing the price ceiling on pork. Despite a set MSRP, pork prices remain around P400 per kilo in Metro Manila, with Agriculture Secretary Francisco Tiu Laurel Jr. expressing frustration that only 30% of sellers are complying.
“There was an agreement—it should be followed,” Laurel said, adding that overpriced pork may indicate profiteering.
He pointed out that pork liempo has a farmgate price of around P230 per kilo, implying that some retailers may be inflating prices.
The DA is now considering legal action against those overpricing pork or seeking a House investigation.
At Mega Q Market, some pork vendors said they’re struggling with debt and earning little despite complying with the price cap. “We need support from the DA,” said vendor Elizabeth Espino.
Farmers’ group SINAG supported the DA’s concern, noting there’s enough pork supply and some sellers may be using high supplier costs as an excuse.
The DA is also reviewing the P150 per kilo garlic price, considering a possible MSRP for imported garlic as well.
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