MANILA: The Philippines' Department of Agriculture (DA) on Tuesday (Feb 4) announced its plan to reduce the maximum suggested retail price (MSRP) of imported rice to 55 pesos (US$0.94) per kg from 58 pesos (US$0.99) per kg to provide much-needed relief to Filipino consumers struggling with the high cost of the food staple.
The announcement came one day after Agriculture Secretary Francisco Tiu Laurel declared a food security emergency on rice amid an "extraordinary" rise in local rice prices.
