President Ferdinand Marcos Jr. on Saturday said the mandated price ceiling for rice that was in place for about a month has helped stabilize the prices of the staple in the market.
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How do you cook a meal when a staple ingredient is unaffordable?
The government is lifting the price caps on rice, both for the regular milled rice and well-milled rice, President Ferdinand R. Marcos Jr. announced on Wednesday, saying that the move is timely as the administration carries out various measures to shield the poor and the most vulnerable.
Department of Agriculture (DA) officials today said that the rice production has increased with the country obtaining 52 days-worth of rice supply by the end of September.
MANILA, Philippines — The government is ready to lift the price ceilings it imposed on rice due to decreasing prices in the global and domestic markets and the expected increase in the supply of the food commodity, the Department of Agriculture (DA) said yesterday.