Agriculture Secretary Francisco Tiu Laurel Jr. says the maximum suggested retail price of P58 per kilogram of imported rice will be implemented in Metro Manila on Jan. 20 to prevent profiteering, in an interview on the sidelines of his market inspections with Trade Secretary Cristina Roque at the Murphy Market in Quezon City on Jan. 10, 2025. He is also confident that retailers and importers will cooperate with the government in its efforts to tame spiking rice retail prices. A price ceiling, however, may be recommended to President Ferdinand R. Marcos Jr. if retail prices of imported rice remain high despite the set MSRP.
Video by PNA
