Economy
Philippines to Extend P50 Imported Rice Price Cap by 60 Days
The Philippines' Department of Agriculture is set to extend the P50 per kilogram price cap on imported 5% broken rice for another 60 days, marking what is expected to be the final extension. The measure aims to stabilize supply until the harvest season and curb inflation.
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- Philippines' DA Proposes 60-Day Extension of P50/Kilo Imported Rice Price Cap
The Philippines' Department of Agriculture (DA) has proposed a 60-day extension of the P50 per kilogram price cap on imported rice, which had expired, to protect consumers. This aims to stabilize prices until the main local harvest season begins.