THE Department of Agriculture (DA) announced yesterday it will further slash the maximum suggested retail price (MSRP) for 5 percent broken imported rice to P55 per kilogram starting today, February 5.
“And then, by February 15, the MSRP will now be nationwide,” Agriculture Assistant Secretary Arnel de Mesa said in a press briefing yesterday.
De Mesa, also the DA’s spokesperson, said the agency plans to slash the MSRP further in the coming weeks after the periodic review.
The DA imposed the MSRP for imported rice in public and private markets on January 20, initially within the National Capital Region, to tame rising rice prices despite tariff cuts and the decline in global prices. (Jordeene B. Lagare © Philippine Daily Inquirer)