President Marcos, who had promised to bring down rice prices to P20 per kilo, issues the order as market prices breach P60 per kilo
MANILA, Philippines – President Ferdinand Marcos Jr. has imposed price ceilings on rice nationwide, amid what Malacañang described as the “alarming increase in the retail price” of the national staple which has surpassed P60 per kilogram.
The price caps will take effect immediately upon publication and will remain in place until lifted by Marcos, EO 39 said.from the DA, local regular milled rice currently sells for P42 to P55 per kilo, while imported regular milled rice sells for P43. Well-milled rice prices range from P47 to P56 for local rice, and P52 for imported rice.
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