An official of the Department of Agriculture said the now lifted price cap on rice was 'effective,' despite the controversy surrounding the move which was made without the guidance of the country’s ec
– An official of the Department of Agriculture said the now lifted price cap on rice was “effective,” despite the controversy surrounding the move which was made
President Ferdiand Marcos Jr. lifted it on Oct. 4, but assured that assistance to farmers and the poor will continue.“Masasabi natin na nag-work dahil yung huling datos namin ay pati yung premium at special rice ay bumaba hanggang ₱5 doon sa latest monitoring namin. On the general average ngayon ng presyo ng regular at well-milled ay halos kapantay,” Agriculture Assistant Secretary Arnel de Mesa told CNN Philippines’ The Exchange on Friday night.
Meanwhile, based on the DA’s Oct. 5 price monitor, local regular milled rice was sold at ₱40 to ₱44 per kilo, while well-milled rice was sold at ₱44 to ₱48 per kilo.
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September rice inflation highest in 14 years despite price cap | The Exchangeitemprop=description content=Your business is our business. Join our senior anchor Rico Hizon on The Exchange.Prices of basic goods rose faster again in September. These include rice, whose costs soared at their quickest pace in 14 years, despite a temporary price cap. Let's have an exchange with Agriculture Assistant Secretary Arnel de Mesa joining us on the line.Visit our website for more NewsYouCanTrust: https://www.cnnphilippines.com/Follow our social media pages:• Facebook: https://www.facebook.com/CNNPhilippines• Instagram: https://www.instagram.com/cnnphilippines/• Twitter: https://twitter.com/cnnphilippines
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