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Lower rice prices cushion poor as inflation rises in August

Author: DA Press Office Lower rice prices and easing costs for meat, poultry, and fruits—tempered by interventions of the Department of Agriculture as directed by President Ferdinand Marcos Jr.–continued to shield the country’s most vulnerable households from the full impact of rising consumer prices in August, even as headline inflation picked up pace. The Philippine […]

Suggested price cap on foreign rice cut anew

By: Jordeene B. Lagare – Reporter MANILA, Philippines — The Department of Agriculture (DA) lowered the maximum suggested retail price (MSRP) for imported rice to P43 per kilogram (kg) from P45 previously. This went into force on Wednesday, in response to declining global market prices. The DA made the decision following the continued decline of […]