DA tackles high rice prices

The Manila Times

DA tackles high rice prices  Agriculture Secretary Francisco "Kiko" Tiu Laurel Jr. bares plans to come up with a “maximum suggested retail price” on imported rice before the end of January to address spiking retail prices, in an interview on Monday (Jan. 6, 2025). Tiu Laurel said he would request a meeting with the Department of Trade and Industry, Bureau of Internal Revenue, National Bureau of Investigation, Philippine National Police, and Department of the Interior and Local Government to discuss possible actions on some importers and retailers allegedly involved in “profiteering.”  Video by PNA  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net    Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital  Sign up to our newsletters: https://tmt.ph/newsletters   Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Tune In: https://tmt.ph/tunein   #themanilatimes #tmtnews #philippines

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00:00There should be no more 60 pesos imported rice that can be seen in the market, right?

00:05And it should be... 60 pesos imported rice is already profiteering, in my opinion.

00:13And we're now trying to establish what should be the maximum suggested retail price.

00:19So we'll be coming up with the maximum suggested retail price system very soon.

00:24By the end of January, hopefully, I'll have something.

00:27It's not a suggestion, it's like we are saying that this should be the maximum price.

00:34But it's not the price cap.

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