Despite an expected onslaught of typhoons in the third quarter, the Philippine Statistics Authority (PSA) anticipates that consumer prices, particularly for rice, will continue to decline, but weather disturbances are expected to drive up vegetable costs. “Certain items, such as vegetables, are...
Malacañang vowed to go after rice traders using the government’s P20 per kilo rice program to justify buying palay at unreasonably low prices, saying the act could be considered economic sabotage. Communications Undersecretary Claire Castro said this following reports that some traders have...
The Department of Agriculture (DA) will reduce the maximum suggested retail price (MSRP) of imported rice to ₱43 per kilo from the current ₱45, over one week after the plan was postponed due to tensions in the Middle East. In two weeks, specifically on July 16, the new price cap on five percent...
The Department of Agriculture (DA) is pausing its plan to lower the maximum suggested retail price (MSRP) of imported rice next month, citing global market volatility driven by escalating tensions in the Middle East. The DA initially planned to lower the MSRP of five-percent broken imported rice...
President Marcos said the government is studying the imposition of a floor price for palay to ensure rice farmers are protected from losses due to erratic market prices. MPC Photo In a dialogue with farmers in Bulacan on Wednesday, May 28, the President said the government is modeling it after the...
The government does not see another implementation of a price ceiling on rice this year as it bids to increase the country’s farm output to tame inflation, Finance Secretary Ralph G. Recto said Wednesday. Recto, however, also acknowledged the possibility of supply disruptions due to external...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez says he won't think twice about recommending another rice price cap to President Marcos should the situation need it. “We will continue to monitor the prices of rice...
The Department of Social Welfare and Development's (DSWD) distribution of financial assistance for small rice retailers and sari-sari store owners has ended on Oct. 20. “A total of 26,266 micro-retailers and sari-sari store owners benefitted from the SLP (Sustainable Livelihood Program) receiving...
The Philippine Statistics Authority (PSA) reported that the average price of well-milled rice dropped in mid-September but still exceeded the government-mandated cap of P45. Based on PSA latest price situationer report, a kilogram of well-milled rice at the national level amounted to an average...
President Marcos claimed that the recently lifted mandatory price cap nationwide was able to stabilize rice prices, while allowing the government to make successful interventions. President Ferdinand Marcos Jr. hands over a sack of rice to one of the 1,000 beneficiaries of the Pantawid Pamilyang...
“Walang gutom (No hunger).” President Marcos made this promise to the Filipino people as he assured them of enough rice supply after he ordered the lifting of the rice price cap that was supposed to temper the ballooning prices of the staple grain in the market. President Ferdinand Marcos Jr....
A rice vendor at Paco Market in Manila (Photo by Arnold Quizol/Manila Bulletin) The Department of Social Welfare and Development (DSWD) has so far provided cash assistance to at least 19,000 sari-sari store owners and micro rice retailers nationwide. As of Oct. 2, the DSWD distributed P286.26...
