MSRP for imported rice lowered to P55 from P58

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Transcript

00:00The Department of Agriculture, or DA, has started the implementation of the new Maximum

00:05Suggested Retail Price, or MSRP, for imported rice nationwide.

00:10According to the department, the MSRP will be reduced to 55 pesos per kilogram from the

00:15current 58 pesos per kilogram.

00:17This initiative aims to make rice more affordable for consumers.

00:21DA also stated that the agency plans to further reduce the MSRP in the coming weeks after

00:26the periodic review.

00:28Meanwhile, the Rice for All program of Kadiwan ng Pangulo is also available at some public

00:33markets and train stations for only 29 pesos to 38 pesos per kilo, depending on the class.

00:39On the other hand, the National Food Authority, or NFA, has released the NFA rice and reduced

00:44the price from 35 pesos to 33 pesos per kilo.

00:49By February 5 to 55, by February 15 to 52, and by March 1, the highest price for imported

00:59rice in the market should be only 49 pesos.

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