'Govt ready to lift rice price cap'

By Catherine S. Valente

Oct 04, 2023 12:25 am

(UPDATE) THE government is ready to lift the price ceiling on rice, an official of the Department of Agriculture (DA) said on Tuesday, citing a decrease in the prices of the staple in the market and the expected increase in supply during the harvest this month.

This came after the DA and the Department of Trade and Industry (DTI) recommended lifting the mandatory rice price ceiling during a sectoral meeting with President Ferdinand Marcos Jr. in Malacañang on Tuesday morning.

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