< List

DA TARGETS P49/KG MSRP FOR IMPORTED RICE BY MARCH

ImHenyo Writer
M
Jessica
2025.01.25
Likes 3
Views111
Comments 0

DA will gradually slash the maximum suggested retail price for imported rice in the coming weeks as it targets an MSRP of P49 per kilo by March (Photo courtesy of Rappler)

 

The Department of Agriculture (DA) is targeting to lower the maximum suggested retail price (MSRP) for imported rice to PH49 per kilo by March, citing the continued drop in world prices of imported grains.

 

Agriculture Secretary Tiu Laurel said the DA would initially set the MSRP for imported rice at P55 by February 5, then lowered it further to P52 by February 15. 

 

“By March 1, hopefully, we will break P50 per kilo, with the MSRP at P49, as long as world prices remain as they are today—a maximum landed cost of USD530 to USD550 per metric ton for 5 percent broken rice.”

 

Laurel said the phased reduction allows for an orderly transition in the market and would prevent destabilizing the rice industry, ensuring businesses can adjust without significant disruption.

 

It added that by announcing the planned reductions of maximum SRP, they hope that industry players traders, retailers, wholesalers, and importers will have ample time to liquidate higher-priced stocks and renegotiate contracts with suppliers.

 

He then clarified that the government has no intention of destabilizing the rice industry, despite some stakeholders calling for a more immediate and substantial reduction.

 

President Ferdinand Marcos Jr. signed Executive Order No. 62 last June which slashed the import duty on imported rice to 15 percent from 35 percent until 2028 to help stabilize prices of various commodities. The MSRP excludes Japanese black rice, red rice, basmati, imported malagkit, and locally produced rice.

 

Based on DA’s monitoring, the retail price of imported special rice was still sold as high as P61 per kilo; imported premium rice up to P58 per kilo; imported well milled rice as high as P52 per kilo and imported regular rice as much as P48 per kilo.

 

 

Source: Philippine Daily Inquirer 

 

 

 

Be part of ImHenyo community!

Get featured by sharing your stories, news, and comments

Email us at [email protected]

Comments

NEWS

FIRST UNASSISTED PHILIPPINE EAGLE HATCH IN 38 YEARS N
M
Jessica
Views 26
Likes 1
2025.02.19
FIRST UNASSISTED PHILIPPINE EAGLE HATCH IN 38 YEARS
THE MICHELIN GUIDE IS IN THE PHILIPPINES FOR 2026 EDITION N
M
Jessica
Views 35
Likes 1
2025.02.19
THE MICHELIN GUIDE IS IN THE PHILIPPINES FOR 2026 EDITION
NATIONWIDE CRIME RATE DOWN BY 26%, IN METRO MANILA DOWN BY OVER 21% N
M
Jessica
Views 29
Likes 1
2025.02.19
NATIONWIDE CRIME RATE DOWN BY 26%, IN METRO MANILA DOWN BY OVER 21%
HIGHER AIRFARE EXPECTED AS FUEL SURCHARGES GO UP IN MARCH N
M
Jessica
Views 36
Likes 1
2025.02.19
HIGHER AIRFARE EXPECTED AS FUEL SURCHARGES GO UP IN MARCH
PAL WARNS AGAINST FAKE SMS TO REDEEM GIFTS, POINTS N
M
Jessica
Views 28
Likes 1
2025.02.19
PAL WARNS AGAINST FAKE SMS TO REDEEM GIFTS, POINTS
LRT-1 FARE HIKE APPROVED, TO TAKE EFFECT ON APRIL 2
M
Jessica
Views 50
Likes 2
2025.02.18
LRT-1 FARE HIKE APPROVED, TO TAKE EFFECT ON APRIL 2
4 DEAD, 13 INJURED IN GENERAL SANTOS ROAD MISHAP
M
Jessica
Views 39
Likes 2
2025.02.18
4 DEAD, 13 INJURED IN GENERAL SANTOS ROAD MISHAP
CATHOLIC SCHOOLS SUSPEND CLASSES ON EDSA ANNIVERSARY
M
Jessica
Views 45
Likes 2
2025.02.18
CATHOLIC SCHOOLS SUSPEND CLASSES ON EDSA ANNIVERSARY
P1 FOR EVERY MOSQUITO: MANDALUYONG DRIVE AGAINST DENGUE
M
Jessica
Views 48
Likes 3
2025.02.18
P1 FOR EVERY MOSQUITO: MANDALUYONG DRIVE AGAINST DENGUE
DA TO SET MAXIMUM SRP FOR PORK AMID SOARING PRICES
M
Jessica
Views 34
Likes 3
2025.02.18
DA TO SET MAXIMUM SRP FOR PORK AMID SOARING PRICES
FUEL PRICES UP IN THIRD WEEK OF FEBRUARY
M
Jessica
Views 37
Likes 3
2025.02.17
FUEL PRICES UP IN THIRD WEEK OF FEBRUARY
CASHLESS TOLL COLLECTION TO RESUME ON MARCH 15 – TRB
M
Jessica
Views 41
Likes 3
2025.02.17
CASHLESS TOLL COLLECTION TO RESUME ON MARCH 15 – TRB
FORMER VP LENI ROBREDO’S X ACCOUNT HACKED TO PROMOTE CRYPTO
M
Jessica
Views 31
Likes 3
2025.02.17
FORMER VP LENI ROBREDO’S X ACCOUNT HACKED TO PROMOTE CRYPTO
PAGASA WARNS AGAINST FLASH FLOODS AND LANDSLIDES, RAINS TO PREVAIL
M
Jessica
Views 48
Likes 3
2025.02.17
PAGASA WARNS AGAINST FLASH FLOODS AND LANDSLIDES, RAINS TO PREVAIL
PHIVOLCS LOGS MINOR PHREATIC ERUPTION AT TAAL VOLCANO
M
Jessica
Views 46
Likes 3
2025.02.17
PHIVOLCS LOGS MINOR PHREATIC ERUPTION AT TAAL VOLCANO
1 2 3 4 5