THE Department of Agriculture (DA) will set a P49 per kilogram (kg) maximum suggested retail price (MSRP) for imported rice starting March 1.

According to the DA, the imposition of an MSRP is the agency's "non-coercive measure" to lower rice prices, coinciding with the decline of rice prices in the world market, and in line with President Ferdinand Marcos Jr.'s order to reduce the rice tariffs from 35 to 15 percent last July.

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