MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has ordered price caps for rice amid soaring prices of the commodity.
The price ceiling for regular milled rice is set at P41 per kilogram while the cap for well-milled rice is P45 per kilogram.
The mandate covers the whole country.
Palace made the announcement on Friday.
“Under EO (Executive Order) 39, the mandated price ceiling for regular milled rice is PhP41 per kilogram while the mandated price cap for well-milled rice is PhP45.00 per kilogram,” said the statement.
“Despite steady supply of rice, the DA (Department of Agriculture) and DTI (Department of Trade and Industry) have also report…
Keep on reading: Bongbong Marcos orders price caps for rice at P41 to P45 per kilo
