DA: Most Metro markets comply with rice MSRP; some retailers promise adherence

The Department of Agriculture reported on Monday that many markets in Metro Manila are compliant with the maximum suggested retail price (MSRP) for imported rice during its first day of implementation, but some retailers continue to sell above PHP58 per kilo.

During surprise inspections by DA and the Department of Trade and Industry, officials found stores selling imported rice at PHP60 per kilo, though retailers promised compliance as they deplete current stock.

Of the 21 inspected markets on Monday, 13 were compliant with MSRP, but two sold slightly higher prices of PHP59/kg and PHP60/kg, while Trabajo Market's prices were significantly above this limit.

Retailers cited older stock as the reason for higher prices but assured that they would adjust once their inventory is depleted; DA spokesperson Arnel De Mesa emphasized the need to renegotiate with suppliers.

The DA will issue guidelines in two weeks and plans to review compliance strictly thereafter, without penalizing retailers who have yet to follow MSRP due to current stock issues.

Additionally, the department noted a significant rise in pork prices to PHP450 per kilo, attributing this hike to ASF cases last third quarter and high demand during the fourth quarter.