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Marcos approves P50/kilo price cap on imported rice

Summary by The Manila Times
MANILA, Philippines- President Ferdinand Marcos Jr. on Tuesday said he would issue an executive order to impose a P50 price cap on every kilo of imported well-milled rice.The move was based on the recommendation of the National Price Coordinating Council, a government body responsible for coordinating, monitoring, and stabilizing the prices of basic necessities and prime commodities."When the price of oil goes up, food prices follow. That’s what…

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The Manila TimesThe Manila Times
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Marcos approves P50/kilo price cap on imported rice

MANILA, Philippines- President Ferdinand Marcos Jr. on Tuesday said he would issue an executive order to impose a P50 price cap on every kilo of imported well-milled rice.The move was based on the recommendation of the National Price Coordinating Council, a government body responsible for coordinating, monitoring, and stabilizing the prices of basic necessities and prime commodities."When the price of oil goes up, food prices follow. That’s what…

·Manila, Philippines (the)
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The Manila Times broke the news in Manila, Philippines (the) on Tuesday, March 31, 2026.
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