Gov't cuts imported rice maximum suggested retail price to P45

P45 rice max SRP begins March 31 – DA

A maximum suggested retail price of P45 per kilo of imported rice will be enforced starting March 31 amid declining global rice prices, according to the Department of Agriculture.

Gov't cuts imported rice maximum suggested retail price to P45

The Department of Agriculture (DA) announced Wednesday the lowering of the maximum suggested retail price (MSRP) for imported rice to P45 from P49 a kilo effective March 31. In a statement, the agency said the MSRP was reduced in response to the softening of global rice prices. “At this level, the retail price of imported

Vice Minister of Industrialization Policies Luis Siles reported that the Food Production Support Company (Emapa) covers up to 40% of the final cost of rice to guarantee a “fair price” in the domestic market. Despite this effort, the authority said that the state company continues to generate profits.

DA: IMPORTED RICE AT P45/KG STARTING MARCH 31

Agriculture Secretary Francisco Tiu Laurel Jr. announced that the maximum suggested retail price (MSRP) for imported rice will be reduced anew on March 31 to P45 per kilo, following a continued decline in global rice prices. “At this level, the retail price of imported rice has now decreased by P19 per kilo compared to its price before we implemented the MSRP on January 20,” Tiu Laurel said. Before the MSRP was introduced, imported rice sold for…

Rice producers in the population of Calabozo state Guárico demand that the authorities adjust the price of the item. The workers of the item insist that they are affected by the prices that the agroindistria has imposed to cancel the rice harvest. Neris Nuñez, rice worker in Guárico, reiterated that some producers have [...] La entrada Rice workers insist on adjusting the price of the item was first published in Information Focus.