Laurel checks PHP45/kilo imported rice compliance in Quezon City

Agriculture Secretary Francisco Tiu Laurel Jr. led a market inspection in Quezon City today to ensure retailers' compliance with the PHP45 per kilo maximum suggested retail price (SRP) for imported rice.

The SRP has been gradually reduced from PHP58 per kilo since January 20, and it will now remain at PHP45 per kilo for the next two months as part of government efforts to lower rice prices last year.

Retailers at Mega Q Market in Quezon City have expressed difficulty adhering to the new SRP until their next delivery arrives next week.

Laurel also mentioned plans to address high retail prices for chicken and eggs due to market shifts and supply constraints during the dry season, and now aims to impose higher rice tariffs and an MSRP on imported garlic.

The Department of Agriculture is considering gradually increasing tariffs on imported rice as international market prices have fallen, with actual figures and timeline yet to be determined.