US EditionDA eyes raising imported rice MSRP to P45 per kilo
The Department of Agriculture may raise imported rice price to P45 per kilo due to peso depreciation and a 5% tariff increase effective January 16, impacting import costs.
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DA eyes raising imported rice MSRP to P45 per kilo
MANILA, Philippines — The Department of Agriculture (DA) may raise the maximum suggested retail price (MSRP) of imported rice to P45 per kilo from P43 by the second week of January, depending on the peso–dollar exchange rate. This comes amid the impending increase in rice tariffs to 20 percent from 15 percent starting January 16, according to Agriculture Secretary Francisco Tiu Laurel Jr. READ: Marcos officially extends rice import ban until Dec…
Rice imports down to 3.37 million MT in 2025
MANILA, Philippines – The Philippines imported a total of 3.37 million metric tons (MT) of rice in 2025, down 30% from 2024’s 4.8 million MT, according to latest data from the Bureau of Plant Industry. The dip was the result of the government’s four-month suspension on rice imports beginning September until end of the year, resorted to supposedly protect local farmers selling palay at peak harvest season. Department of Agriculture spokesman Arne…
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