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Salceda: 'Flexible' rice price cap is better

Philippines | National

Salceda: 'Flexible' rice price cap is better

By Ellson Quismorio

At A Glance

Albay 2nd district Rep. Joey Salceda wants Malacañang to impose a "flexible" rice price ceiling instead.

Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office)

How about a "flexible" price cap on rice instead?

Albay 2nd district Rep. Joey Salceda made this pitch to Malacañang in connection with his earlier concern that the rice price ceiling under Executive Order (EO) No. 39 would lead to rice supply shortages in certain areas in the country.

Salceda appealed that EO No. 39 “be made more flexible to address regional market conditions".

“The situation will vary per region, so a national rice price ceiling should be made more responsive to local supply-demand dynamics," said the economist-congressman.

“In rice deficit or totally rice-dependent areas like NCR (National Capital Region), the situation will be different from, say, a rice-surplus region like Region II. So, some update to that EO will be necessary most likely when it plays out later," reckoned Salceda.

President Ferdinand "Bongbong" Marcos Jr.'s Executive Order (EO) No. 39 imposed a P41 per kilo price cap for regular milled rice and P45 per kilo price cap for well-milled rice. The EO was signed amid steadily rising prices of the staple grain, which can reach between P55 to P60 per kilo.

The President is the concurrent Department of Agriculture (DA) secretary.

Related Tags

rice price cap joey salceda

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