Philippines sets ₱53 per kilo price guide for local rice
The Department of Agriculture (DA) has agreed on a new suggested retail price (SRP) for local rice with industry stakeholders. The move aims to protect both farmers’ earnings and consumers’ budgets. The DA will soon release an official memorandum outlining the details of this pricing plan. Under the agreement, the DA will set an SRP of ₱53 per kilo for local rice. This figure serves as a fair price guide for consumers but does not act as a strict price ceiling. Millers and industry groups have accepted the ₱53 rate, allowing sellers to offer lower prices while still maintaining reasonable profits.
The decision follows an earlier measure where the DA imposed a ₱50 per kilo cap on imported five-percent broken rice. This 30-day price limit began on 14 May, with full enforcement starting next week to give retailers and buyers time to adapt. Rice remains a politically sensitive commodity, directly influencing household spending, inflation, and broader monetary policies. The DA’s latest move seeks to stabilise market conditions without imposing undue pressure on either producers or shoppers.
The new SRP system will provide clearer pricing guidance for local rice. Retailers can adjust their rates while ensuring farmers receive fair returns. The DA’s memorandum, expected shortly, will formalise the agreement and outline next steps.
