BusinessWorld Online
Rice MSRP expected to drop to P45 per kilo
The Department of Agriculture (DA) is considering lowering the maximum suggested retail price (MSRP) for imported rice to P45 per kilogram by the end of March.
This potential decrease is attributed to declining global rice prices and the strengthening of the Philippine peso against the US dollar.
Agriculture Secretary Francisco Tiu Laurel Jr. stated that the peso closed at P57.90 to the dollar on Monday, strengthening from its P57.995 finish on Friday.
The current MSRP for 5 percent broken imported rice is P49 per kilogram, which is the fourth reduction since the initial MSRP of P58 per kilogram was set on January 20.
Laurel mentioned that the DA will apply the MSRP "more selectively" since prices of imported rice were already lower than the MSRP in some provinces.
The DA declared a national rice emergency, citing an "extraordinary" spike in rice prices despite lower tariffs for imports.
The DA Secretary noted the effectiveness of the MSRP in influencing market prices, stating "Our MSRP is really working."
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Department of Agriculture (DA) will enforce a maximum suggested retail price (SRP) of P49 per kilo for imported rice starting March 1, initially in Metro Manila, Cebu, Metro Davao, Cagayan de Oro, Zamboanga, Calabarzon, and other key urban centers.
+5
Read more →
The Palace announced that rice and pork prices in the Philippines are expected to drop this month, providing relief to consumers.
+1
Read more →
Inflation in the Philippines slowed to 2.1% in February 2025, with rice inflation contracting further to -4.9%.
Read more →
House Speaker Martin Romualdez commended the government's recent initiatives to make rice more affordable, while urging sustained efforts to maintain these gains.
Read more →
The Philippines experienced a significant decrease of nearly 35 percent in rice imports during the first two months of the year, with volumes falling to just over 500,000 metric tons.
Read more →